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At a premium

- What does it mean when a bond is selling at a premium? Is it a good investment? Investopedia.com.

3. Rather than dealing with inequality, some politicians find it tempting to blame “broken families”, “bad parenting” and “damaged” children. Science has made huge leaps in understanding how our biology and psychology are affected by early life experiences, both in the womb and after. Children are deeply sensitive to family relationships and the quality of care. However, this sensitivity, and the way it shapes emotional and cognitive development, is not an evolutionary mistake.

It exists because early life serves as a taster of the kind of society that we may have to deal with in adulthood. It prepares children for the kind of society they are growing up in. Are they in a world of rivals, in which they will have to fight for what they can get, fend for themselves and learn not to trust others? Or will they need to gain one another’s trust, dependent on co-operation and reciprocity, in a world where empathy and social skills are at a premium?