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New research shows how economic inequality can provoke polarization — and ensnare an entire population — Eric W. Dolan

Summary:
The model has limitations, of course, but it's an interesting study about in-group and out-group behavior under different economic conditions. As might be expected, adversity results in retrenchment as defense. Since this is a cultural phenomenon and the social, political and economic are linked in a culture, economic conditions have social and political effects, including increased polarization in times of economic adversity or inequality.Socially, a consequence is polarization in the sense of increasing both loyalty to the in-group and also opposition and hostility to the out-group.  PsyPostNew research shows how economic inequality can provoke polarization — and ensnare an entire populationEric W. Dolan

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The model has limitations, of course, but it's an interesting study about in-group and out-group behavior under different economic conditions. As might be expected, adversity results in retrenchment as defense. 

Since this is a cultural phenomenon and the social, political and economic are linked in a culture, economic conditions have social and political effects, including increased polarization in times of economic adversity or inequality.

Socially, a consequence is polarization in the sense of increasing both loyalty to the in-group and also opposition and hostility to the out-group. 

PsyPost
New research shows how economic inequality can provoke polarization — and ensnare an entire population
Eric W. Dolan

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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