Page 2 For several years now it has been an established fact that, as behavioral finance economists Brad Barber and Terrance Odean memorably demonstrated in 2001, of all the factors that might correlate with overconfident investment in financial markets—age, marital status, and the like—the most obvious culprit was having a Y chromosome. And now it turns out that not only did the macho men of the heavily male-dominated global finance sector create the conditions for global economic collapse, but they were aided and abetted by their mostly male counterparts in government whose policies, whether consciously or not, acted to artificially prop up macho.

One such example is the housing bubble, which has now exploded most violently in the West. That bubble actually represented an economic policy that disguised the declining prospects of blue-collar men. In the United States, the booming construction sector generated relatively high-paying jobs for the relatively less-skilled men who made up 97.5 percent of its workforce—$814 a week on average. By contrast, female-dominated jobs in healthcare support pay $510 a week, while retail jobs pay about $690 weekly. The housing bubble created nearly 3 million more jobs in residential construction than would have existed otherwise, according to the U.S. Bureau of Labor Statistics. Other, mostly male-dominated, industries, such as real estate, cement production, truck transport, and architecture, saw big employment gains as well. These handsome construction wages allowed men to maintain an economic edge over women. When policymakers are asked why they didn’t act to stem the housing bubble’s inflation, they invariably cite the fact that the housing sector was a powerful driver of employment. Indeed, subsidizing macho had all kinds of benefits, and to puncture the housing bubble would have been political suicide.

And yet, the housing bubble is just the latest in a long string of efforts to prop up macho, the most powerful of which was the New Deal, as historian Gwendolyn Mink has argued. At the height of the Great Depression in 1933, 15 million Americans were unemployed out of a workforce that was roughly 75 percent male. This undermined the male breadwinner model of the family, and there was tremendous pressure to bring it back. The New Deal did just that by focusing on job creation for men. Insulating women from the market by keeping them in the home became a mark of status for men—a goal most fully realized in the postwar nuclear family (Rosie the Riveter was a blip). In this way, according to historian Stephanie Coontz, the Great Depression and the New Deal reinforced traditional gender roles: Women were promised economic security in exchange for the state’s entrenchment of male economic power. How will this shift to the post-macho world unfold? That depends on the choices men make, and they only have two.

The first is adaptation: men embracing women as equal partners and assimilating to the new cultural sensibilities, institutions, and egalitarian arrangements that entails. That’s not to say that all the men in the West will turn into metrosexuals while football ratings and beer sales plummet. But amid the death of macho, a new model of manhood may be emerging, especially among some educated men living in the affluent West.

Economist Betsey Stevenson has described the decline of an older kind of marriage, in which men specialized in market labor while women cared for children, in favor of “consumption” marriage, “where both people are equally contributing to production in the marketplace, but they are matching more on shared desires on how to consume and how to live their lives.” These marriages tend to last longer, and they tend to involve a more even split when it comes to household duties.

Not coincidentally, the greater adaptability of educated men in family life extends to economic life, too. Economist Eric D. Gould found in 2004 that marriage tends to make men (particularly lower-wage earners) more serious about their careers—more likely to study more, work more, and desire white-collar rather than blue-collar jobs. This adaptation of men may be the optimistic scenario, but it’s not entirely far-fetched.

Then, however, there’s the other choice: resistance. Men may decide to fight the death of macho, sacrificing their own prospects in an effort to disrupt and delay a powerful historical trend. There are plenty of precedents for this. Indeed, men who have no constructive ways of venting their anger may become a source of nasty extremism; think of the kgb nostalgists in Russia or the jihadi recruits in search of lost honor, to name just a couple. And there are still plenty of men in the West who want to “stand athwart history, yelling Stop.” These guys notwithstanding, however, Western developed countries are not for the most part trying to preserve the old gender imbalances of the macho order this time around.

Instead, the choice between adaptation and resistance may play out along a geopolitical divide: While North American and Western European men broadly—if not always happily—adapt to the new egalitarian order, their counterparts in the emerging giants of East and South Asia, not to mention in Russia, all places where women often still face brutal domestic oppression, may be headed for even more exaggerated gender inequality. In those societies, state power will be used not to advance the interests of women, but to keep macho on life support.

Look at Russia, where just such an effort has been unfolding for the past decade. Although there are 10.4 million more Russian women than men, this hasn’t translated into political or economic power. After the Soviet collapse, the ideal of women’s equality was abandoned almost entirely, and many Russians revived the cult of the full-time homemaker (with Putin’s government even offering bonus payments for childbearing women). But Russian men, floored by the dislocations of the Soviet collapse and a decade of economic crisis, simply couldn’t adapt. “It was common for men to fall into depression and spend their days drinking and lying on the couch smoking,” Moscow writer Masha Lipman observes. Between their tremendously high rates of mortality, incarceration, and alcoholism and their low rates of education, only a small handful of Russian men were remotely able (or willing) to serve as sole breadwinners.

This left Russia’s resilient women to do the work, while being forced to accept skyrocketing levels of sexual exploitation at work and massive hypocrisy at home. A higher percentage of working-age women are employed in Russia than nearly any other country, Elena Mezentseva of the Moscow Center for Gender Studies has found, but as of 2000, they were making only half the wages that Russian men earned for the same work. All the while, Putin has aided and abetted these men, turning their nostalgia for the lost macho of Soviet times into an entire ideology. ................ If this represents a nightmare scenario for how the death of macho could play out, another kind of threatening situation is unfolding in China. The country’s $596 billion economic stimulus package bears a far stronger resemblance to a New Deal-style public-works program than anything the U.S. Democratic Party has devised. Whereas healthcare and education have attracted the bulk of U.S. stimulus dollars, more than 90 percent of the Chinese stimulus is going to construction: of low-income homes, highways, railroads, dams, sewage-treatment plants, electricity grids, airports, and much else.

This frenzy of spending is designed to contain the catastrophic damage caused by the loss of manufacturing jobs in China’s export sector. The Chinese Communist Party has long seen the country’s 230 million migrant workers, roughly two thirds of whom are men, as a potential source of political unrest. Tens of millions have lost manufacturing jobs already, and so far they’ve proved unwilling or unable to return to their native provinces.

Just as the housing bubble in the United States was a pro-male policy, China’s economic trajectory over the past two decades is deeply tied to its effort to manage the threat posed by the country’s massive male migrant population. Massachusetts Institute of Technology economist Yasheng Huang has argued that while the first decade after Deng Xiaoping’s economic reforms saw tremendous economic growth and entrepreneurship in the Chinese hinterlands, the next two decades have seen a marked decline in the economic prospects of rural China coupled with a concerted effort to promote the rapid development of China’s coastal cities. State-owned enterprises and multinational corporations enjoyed generous subsidies, tax abatements, and other insider deals, and in return, they employed millions of migrants. The trade-off exacerbated China’s internal migration, as millions of men fled rural poverty in search of short-term urban employment, but after the Tiananmen Square uprising, Chinese elites welcomed it as a way to stave off urban unrest.

Today, however, it’s hard to see how Chinese leaders can safely unravel this bargain. Matters are made worse by China’s skewed population—there are 119 male births for every 100 female—and the country has already seen violent protests from its increasingly alienated young men. Of course, it’s possible that China will constructively channel this surplus of macho energy in the direction of entrepreneurship, making the country a global source of radical innovation, with all the military implications that entails. More likely, if the nature of China’s stimulus is any indication, Beijing will continue trying to prop up its urban industrial economy—for if this outlet for macho crumbles, there is good reason to believe that the Communist Party will crumble with it.

Page 3....It might be tempting to think that the death of macho is just a cyclical correction and that the alpha males of the financial world will all be back to work soon. Tempting, but wrong. The “penis competition” made possible by limitless leverage, arcane financial instruments, and pure unadulterated capitalism will now be domesticated in lasting ways.

The he-cession is creating points of agreement among people not typically thought of as kindred spirits, from behavioral economists to feminist historians. But while many blame men for the current economic mess, much of the talk thus far has focused on the recession’s effects on women. And they are real. Women had a higher global unemployment rate before the current recession, and they still do. This leads many to agree with a U.N. report from earlier this year: “The economic and financial crisis puts a disproportionate burden on women, who are often concentrated in vulnerable employment É and tend to have lower unemployment and social security benefits, and have unequal access to and control over economic and financial resources.”

This is a valid concern, and not incompatible with the fact that billions of men worldwide, not just a few discredited bankers, will increasingly lose out in the new world taking shape from the current economic wreckage. As women start to gain more of the social, economic, and political power they have long been denied, it will be nothing less than a full-scale revolution the likes of which human civilization has never experienced.

This is not to say that women and men will fight each other across armed barricades. The conflict will take a subtler form, and the main battlefield will be hearts and minds. But make no mistake: The axis of global conflict in this century will not be warring ideologies, or competing geopolitics, or clashing civilizations. It won’t be race or ethnicity. It will be gender. We have no precedent for a world after the death of macho. But we can expect the transition to be wrenching, uneven, and possibly very violent.

thanks for posting that insightful article, Dobbsy. and to think most readers believe that you have no use whatsoever. LOL

You didn't hear about the incident at the Puerto Rican parade several years ago that made headlines all over?? Im shocked. I never said that women in the US and Canada have the same nexus as the ones in DR I dont know where you're getting that from. What I clearly illustrated to you was that although American women have the "power" that they do compared to women from other countries, that doesn't mean that men treat them that much different from the men in other countries. Why didn't you answer to any of the obvious examples I provided? Like I said, any man talking smack about a Dominican man's womanizing ways is being a hipocrite because all men do it, maybe not all do it as openly as many Dominicans do but they sure as hell do it too, that's the point I was getting at. In the U.S. a man may lose half of his sh*t if he gets divorced, but the point is he still cheated, the woman still gets humiliated and disrespected. The humiliation does not go away because you obtain more material things or get more money out of a settlement.

thank you for your kind words but most readers on this forum are low grade morons and cretins

You mean to tell me that you live in the US, and you've only noticed the womanizing ways of Dominican men? Have you never heard that Mexican men are known to be the most sexist men in Latin America? The "querida" phenomenon that you seem to like to dwell on is not exclusive to only the DR, Mexican men do it, Colombian men do it, Puerto Rican men do it, and the list could go on forever. When you make a statement such as:


Then YES you are generalizing and lumping all Dominican men under the same umbrella, so stop contradicting yourself.

And while it is true that you will find women that will make statements such as the one you mentioned above I have also witnessed that phenomenon with several females and then to my surprise a few months later, I see them AGAIN with a Dominican guy. So, most women making statements like that are just talking out their asses.

EXACTLY!!!

Fred you rock !! the forum is a better place because of you jeje

You can forget about getting a straight answer.

Some of the these women don't live in the DR, weren't raised in the DR or/and are member of "The DR Is Perfect" Club.

LIke I said before, I am more than 100% sure a few of their male family members, perhaps even their fathers or grandfathers, are/were one of those I "speak" about.