this post was submitted on 01 Dec 2024
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Late Stage Capitalism
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Is this just the modern version of the boots theory?
The Matthew effect states pretty much the same. It was coined in 1968 by sociologists Robert K. Merton and Harriet Zuckerman. It describes how initial advantages lead to further success, often summarized as "the rich get richer." It is named after a verse from the Gospel of Matthew: "For whosoever hath, to him shall be given" (Matthew 25:29).
This effect has been documented not only in the study of economic inequality, but also in other areas of society:
Science: Well-known scientists often receive more recognition and credit for their work compared to lesser-known researchers, even if their contributions are similar.
Education: Students who excel early in reading tend to continue succeeding academically, while those who struggle initially may fall further behind over time.
Sports: Athletes with early advantages, such physical maturity, often receive better coaching and opportunities, enhancing their skills more than their peers.
Music and Literature: Popular musicians and authors receive more promotion and sales, while emerging artists struggle for similar exposure.
I love that they included this illustration for those who are looking up socioeconomic theories but don't know what a boot looks like 😄