The Death of Macho

Stephan:  Reihan Salam is a fellow at the New America Foundation.

Manly men have been running the world forever. But the Great Recession is changing all that, and it will alter the course of history. The era of male dominance is coming to an end. Seriously. For years, the world has been witnessing a quiet but monumental shift of power from men to women. Today, the Great Recession has turned what was an evolutionary shift into a revolutionary one. The consequence will be not only a mortal blow to the macho men’s club called finance capitalism that got the world into the current economic catastrophe; it will be a collective crisis for millions and millions of working men around the globe. The death throes of macho are easy to find if you know where to look. Consider, to start, the almost unbelievably disproportionate impact that the current crisis is having on men-so much so that the recession is now known to some economists and the more plugged-in corners of the blogosphere as the ‘he-cession. More than 80 percent of job losses in the United States since November have fallen on men, according to the U.S. Bureau of Labor Statistics. And the numbers are broadly similar in Europe, […]

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