Skip Navigation
Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Consumer culture

By Megan McArdle
Oct 30 2007, 9:56 AM ET Comment

For most people, a lot of their beliefs are consumption goods. The irrational clustering of political beliefs--there is no logical reason that one's views on abortion should be so tightly correlated with one's view on business regulation or nationalized health care--indicate that there is a very strong social component to the formation of allegedly principled beliefs. The anger with which opposing views are met, and the in-group/out-group social dynamic of most political debate, suggest that for most of us, fitting in with our friends and feeling good about ourselves are at least as strong a component of belief formation as careful reasoning from first principles.

In most areas I'm okay with this (I'd better be; I have no reason to believe that I'm any better than anyone else on this score). But there are some areas in which I don't think it's okay, and the views held by wealthy suburbanites about vouchers are one of those areas. They are consuming a view of themselves as caring about a common public system that is the opposite of the truth; the gap between their kids schooling experience, and the experience of a kid growing up in Watts, is much much larger than the gap between their kids school, and Groton. They have demonstrated by their own choices that they think school choice is extremely important. They then proclaim that it doesn't work for poor kids, or that poor kids need to stay where they are for the sake of the system. They are consuming a view of themselves as egalitarians at a very cheap price . . . to them. The cost to the kids, unfortunately, it having their whole lives blighted.

That they proclaim to be doing this out of care for the communities that their exit (from the schools, the tax base, and the economic life of the city) is crushing, sends me over the edge.

Moreover, this is a good that they would not consume if there were any price at all to holding it. If being against vouchers meant their kid losing 30 points on their SATs, they'd do a 180.

Empirically, I may be wrong; vouchers may not work. But we know that the current system isn't working. And poor kids should not bear the burden of making affluent liberals feel better about themselves.

Presented by

More at The Atlantic

Can't We Learn to Stop Worrying and Love Mass Refinancing? Can't We Learn to Stop Worrying and Love Mass Refinancing?
The Reverent, Ridiculous Grammys The Reverent, Ridiculous Grammys
Who Are the Real 'Freeloaders': The Poor or the Old? Who Are America's Real 'Freeloaders'?
The GOP Primary Is Badly Wounding Mitt Romney Why a Long Primary Fight Will Hurt Mitt Romney
The agony of Nabeel Rajab The Plight of Bahrain's Informal Activist Leader

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
Submit Your Photos of America at Work AP Submit Your Photos of America at Work
Send us your images of friends, family, and neighbors on the job. We'll publish the best. Read more ›
View All Correspondents

The Biggest Story in Photos

Athens in Flames

Feb 13, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?