Essays on Economic Inequality

It is obvious that in the conditions of market relations economic factors have a greater influence on human life and its social environment. All people tend to be involved in terms of economic worries, always buy something, consume, produce, sell, and exchange production activities. Economic relations in a civilized society is always ruled by regulations. Among them, natural rights derived by man from his birth are the most important. For example: the right for freedom of employment and occupation, the right for personal liberty the rights granted to the individual by society: the right to own property, the right ...

Protests have been occurring in Iran for decades, but recent developments have brought them to the center of global attention. In this essay, I will explain why the Iran riots started, their origins, development, and essential points, as well as why understanding them may be crucial for the American public.

Reasons Behind the Protests in Iran

Protests in Iran are happening for a variety of causes. Economic difficulties make up one of the key factors. For years, the Iranian economy has struggled due to foreign sanctions and mismanagement. Inflation is on the rise, while unemployment is widespread, particularly among the young. Many Iranians are struggling to ...

Economic inequality Between Indigenous and Non-Indigenous Australians

Introduction Thought the last century, the subject of inequality has come to the fore. It seems that social, economic, racial, ethnic disparity became ubiquitous under the circumstances of economic and technical progress. While some countries take a course of rapid development, others remain behind. It happens not only on the political level but also within the country on the social scale. The emergence of perceptible economic inequality can now be observed in developed countries, and Australia is not an exclusion. Historically, economic inequality strengthened disparities of income and living standards of the individual layers of the population, increased the ...

Bernie Sanders on Economic Inequality

The main ideas of the author are to articulate how the Democratic presidential aspirant hopeful, Bernie Sanders, views economic inequality in the United States. According to Bernie Sanders, the middle-income earners in the United States have been on the decrease in the past forty years (Louwes, 2016). Additionally, as the number of the middle-income earners reduce, the gap between the poor and the rich is widening. To address this problem, Bernie Sanders suggests a five strategic plan. Acknowledging the economic disparities is the first step to solving the economic inequality the US is facing at the moment. After putting ...

Reply 1

The film “Inequality for All” provides insight into the economic problems and challenges that Americans face and how they affect America as a democratic society. Nearly seventy percent of the nation’s economy relies on consumer spending. The purchasing power of the middle-class households in the U.S. is one of the factors that make Americas tick. Even when activities are booming in Wall Street, the middle-class wages remain the same. The economic inequality in the U.S. has become worse over the past 40 years. The trend is manifested by the skyrocketing salaries of CEOs while the average employee income ...

What is the reason why social movements appear? The term “social movement” implies the creation of large groups of people that share common views on various social and political issues and act to defend their views and to cause a social change. The worldwide peak of social movements was seen in the 1960s, but even after its passing, the idea of social movements continued to be challenging for society. Della Porta writes, “The excitement and optimism of the roaring 1960s may be long gone, but social and political events . . . have hardly rendered the investigation of grassroots activism any less ...

Introduction

The history of Haiti immediately after the revolution period was not an easy one because of the preceding events. This country was literally in shambles and everything was in a mess starting from the farms together with the crops. Skilled labor from other countries had either left, dead, or had fled due to the way they were treated at this time as slaves while others might have gone into hiding. Those who were former slaves and were now free were not ready to work on other people’s farms. At the same time, there was great fear that France ...

In this paper, Bob Meister conducts an in-depth look at the public university situation in the US at the moment considering its major issues and the conditions that led to the current situation. The exploration is conducted with a special emphasis on California State as it provides a perfect historical overview of the education system as it changed from a model system to the where it is currently.

Privatization is the Problem, Not the Solution

There has been a consensus that taxpayer funding for colleges has reduced and therefore it is “unrealistic” for the universities to depend on state funding as this relies ultimately on the ...

Over the last few decades, the level of economic inequality has significantly increased, especially in the OECD countries (John 7). Essentially, the top earning population has acquired a large share of the overall gains in income. Fundamentally, there has been an increasing consensus that major assessment on the level of economic performance should not be based solely on income growth, but the distribution of income. Such assessments are highly concerned with the level of both economic and income inequality. Economic inequality measurements have numerous dimensions, and economists view it in terms of monetary assessments related to incomes for individual ...

ECON 4331W

Introduction The phrase "the rich get richer while the poor get poorer" has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and significantly impact upon the economic ...

Introduction

Sustained huger and food insecurity are harmful to all individuals, but hunger is primarily disruptive to children. Good nutrition is of the utmost importance to a child’s growth and wellbeing. Not having enough of the right kinds of food can have serious consequences for a child’s physical and mental health, educational accomplishments and future economic success. One in five kids is facing difficulties in achieving his or her full potential. Hunger among children in America is due to prevailing states of poverty, rather than the availability of food itself (DoSomething.org). Income inequality and the continued marginalization of ...

“The Lesson” is the short story written by Toni Cade Bambara and its main topic is the social and economic inequality. This inequality can be seen in the position of the children and their families in the society. Miss Moore is also teaching them about social and economic inequality in her private lessons which happen during summer. The children symbolize the innocence and the young who are supposed to be educated about the world and about all of the injustice. The world functions in such a way that there are the privileged and the under-privileged groups of people. In “ ...

Tyler Cowen’s “The Inequality that Matters”, published in the January-February 2011 issue of The American Interest Magazine, addresses the type of income inequality that Americans, and people all over the globe, should be concerned about. Most people, Cowen says, are unaware of the bigger, economic picture, and are instead more concerned about their neighbors’ income status. According to Cowen (2011), the American economy may collapse again because of an unstable economic situation in China and Europe, undercapitalized banks, or because the economic system is broken – and no one no one quite knows how to fix it. Cowen (2011) ...

Introduction

The concept of globalization, the amalgamation of the different economies in the world, is a frequently debated issue in contemporary academic and political forums.The “importance of globalization” refers to the value gained by different nations due to their input in the process of globalization while the “need for globalization” expresses why it is necessary to implement the concept of globalization. Globalization rate indicator has become an essential measure of development due to the interrelationship between economic development and globalization (Irani and Noruzi 216). The current wave of globalization is a replica of the first wave experienced in the mid ...

Inequality is one of the greatest social problems as the result of the racism. The differences can be perceived not only economically, but also politically and is one of the major global challenges. Studies show that inequality can result in poverty and creation of social classes in the societies. This situation can be elaborated by Marxist theory of Communist Manifesto. The theory states that states that those who own the means of production ‘capitalists’ take advantage of the poor ‘proletariats’ and amass wealth which causes the social class issues. I am going to discuss the inequalities that result as ...

Introduction

The phrase “the rich get richer while the poor get poorer” has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and greatly impact upon the economic growth ...

Poverty and economic inequality are a global threat towards economic development of a given country and often result in poor living conditions among the workforce in the region. Poor people cannot afford basic commodities like proper shelter, a balanced diet and enough money to feed their children (Ehrenreich, Arlie and Henry 282). Poverty comprises of two areas that are relative and absolute poverty. Relative poverty results from having income values lower than the average country's income values. On the other hand, absolute poverty involves having an income value that cannot maintain a minimum standard of living. Economic inequality is ...

Question 1. How do the economic inequality in our society place additional burdens on the working-class and the poor families?

Answer. The economic inequality brings the consequence of varying income capabilities for the families which further brings economic disparity in terms of disposable income available to them. As the essential amenities including the primary healthcare, education, food, lodging, clothing, and amusement facilities are almost evenly priced for all the economic level families, managing the expenses for above amenities becomes an extremely costly affair for the working-class and poor ones. Therefore, in the case of a healthcare emergency (say child healthcare) the management and arrangement of extra income resources become the vital questions that can be addressed only by placing ...

The article discusses the demonstration of Global Apartheid by the countries and United Nation. Apartheid, the social philosophy in South Africa appears to be adopted globally and the economic and social status of the people is given importance instead of their lives. This paper analyzes the article on Global Apartheid and establishes the key points shared by author and continues with critically analyzing the article in the global context. The article raises some fresh and valid issues which requires the attention of the global social institutions and discusses the differentiation on the basis of race, gender, origin and location. ...