Inequality of Income

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Inequality of income, to many, is the seizing of opportunity efficiently, and an expected cause of popular economic systems. However, the inequality that is being exemplified in the world today is a result of a correlation with corruption. Corruption, as in seizing the opportunity for human greed.“corruption is a function of motivation and opportunity”(khagram). As inequality increases so does the motivation for corruption. The nature of this relationship between inequality and corruption can be seen through history, and where it is most prevalent.The U.S has seen its bouts of corruption within political systems, and in order to stop this vicious cycle, we need to be leaders of democratic nations. To analyze income inequality to its full extent, it is important to compare and contrast the noticeable differences in the 20th century to now between domestic and international inequalities. The different paths that income inequality and corruption take reveal that income inequality is not a result of capitalist or socialist economic policies, but from corruption.The U.S. and most of Eastern Europe at the current moment are some of the most unequal income wise and corruption. They both took very different paths to becoming industrialized countries. As industrialism was on the rise in the late 1700s in Western Europe, so did the opportunity to make money through a new- fashioned way. No more medieval feudalism and being born into the power and riches-it was a time of opportunity. For the most industrialized nations of that time period, the quality and standard of living rose, for new efficient inventions were being made and education was becoming cheaper and socialized. Specifically in the American industry, moguls were celebritized a... ... middle of paper ... ...tionary success, and to only repeat the constant failures and devastations of history is a mockery to our existence. Works Cited Chetwynd, Eric, Frances Chetwynd, and Bertram Spector. "Corruption and Poverty: A Review of Recent Literature." Management Systems International (2003): n. pag. Print. Hollingshead, Ann. "Income Inequality, Wealth, and Illicit Financial Flows in Asia." Financial Transparency Coalition. Financial Transparency Coalition, 1 Aug. 2013. Web. 29 Apr. 2014. Jong-Sung, Y., and S. Khagram. "A Comparative Study of Inequality and Corruption." American Sociological Review 70.3 (2005): 539. Print. Noah, Timothy. "Why We Can't Ignore Growing Income Inequality." Slate Magazine. The Slate Group, 16 Sept. 2010. Web. 30 Apr. 2014. Reich, Rob, and Debra Satz. "Occupy the Future." The Boston Review. Boston Review, 1 Dec. 2011. Web. 29 Apr. 2014.

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