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Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
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DjembaDjemba Offline

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Post: #21
(01-21-2016 11:56 AM)Quintus Curtius Wrote:  The reason why this is important, and the reason why we should care, is because excessive concentrations of wealth in a society destabilize that society.

It threatens republican democratic institutions by producing plutocratic oligarchies, rather than governments which are run with the interests of the public at heart.

I discussed this issue here:

That is why we should care.

It directly magnifies poverty, greed, injustice, and a host of other evils. It reduces the role of the public to that of a passive spectator, subject to the whims of the ruling caste.

It destroys the middle class and transforms society into something resembling the worst Third World tyranny.

Of course there are always going to be haves and have-nots. No one doubts this. But it is a matter of degree. America in 1960 was far more equitably configured in terms of wealth distribution.

Now, things are simply ridiculous.

If peaceful ways can't be found to ensure some measure of equity in these matters, then the result will be political instability, social unrest, and in extreme cases, civil war and dictatorship.

The poorer people feel relative to their peers, the more bitter, angry, resentful, and violent they become.

Also the reason why economically successful minorities are so hated throughout the world within their respective societies.
01-21-2016 12:11 PM
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RE: - zero1 - 01-21-2016, 07:33 PM
! - DjembaDjemba - 01-21-2016 12:11 PM
RE: Global wealth inequality - poutsara - 01-21-2016, 11:24 PM

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