or "The destruction of human capital."

A very fascinating article on a report "Does Prejudice Prejudice Growth?" by Paul Donovan, USB economist. Here are some titillating findings:

The report found that there was a strong correlation between social inclusion, competitiveness and economic development, and argued that "prejudice, in whatever form – including racism, sexism, homophobia, religious intolerance – irrationally destroys the value of human capital."

and:

"We now need to do a lot more with human capital, human ingenuity in order to be able to maintain, never mind raise our standards of living. This is important, because prejudice is a huge waste of human potential," he added. "A prejudicial society is likely to deny its labor, its workforce, the potential to develop – access to education, access to jobs."

social prejudice is a two-way street:

"A more advanced society is less likely to be prejudiced and a less prejudiced society is likely to be more advanced," Donovan said.

I point this out to shine a very bright light on those in our midst that are homophobes, racists, and all the rest that have no regard for human life that is different from themselves. All of these people are slowing our economic recovery, and should be held accountable.

CE Petro's picture

meant to include the voter

meant to include the voter suppression law. It was WhitesCreek's post that reminded me.

Min's picture

In all fairness...

...everyone is prejudiced, to some extent, because humans tend to be tribal, by their very natures. The difference is that people can and often do use their intellects and experiences to overcome their preconceptions and biases.

lovable liberal's picture

All good, but that would be

All good, but that would be inverse correlation.

EricLykins's picture

Speech at Madison Square

Speech at Madison Square Garden (October 31, 1936)
Franklin Delano Roosevelt

"Peace on earth, good will toward men"—democracy must cling to that message. For it is my deep conviction that democracy cannot live without that true religion which gives a nation a sense of justice and of moral purpose. Above our political forums, above our market places stand the altars of our faith—altars on which burn the fires of devotion that maintain all that is best in us and all that is best in our Nation.

We have need of that devotion today. It is that which makes it possible for government to persuade those who are mentally prepared to fight each other to go on instead, to work for and to sacrifice for each other. That is why we need to say with the Prophet: "What doth the Lord require of thee—but to do justly, to love mercy and to walk humbly with thy God." That is why the recovery we seek, the recovery we are winning, is more than economic. In it are included justice and love and humility, not for ourselves as individuals alone, but for our Nation.

That is the road to peace.

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