The wealth gap is a pervasive issue that has consequences for societies around the world. It refers to the unequal distribution of resources, opportunities, and wealth within a society, resulting in a disparity between the wealthiest individuals and those who are struggling to make ends meet. This wealth gap has a profound impact on various aspects of society, including health outcomes. In this essay, we will explore the historical context of the wealth gap, key figures who have addressed this issue, and the effects of the wealth gap on the health of society. We will also analyze influential individuals who have contributed to the field of addressing the wealth gap and provide a well-reasoned analysis of various perspectives on this issue. …show more content…
Marx's theory of capitalism and socialism highlights the inherent inequalities within capitalist societies, where the accumulation of wealth by a few leads to the exploitation and suffering of the working class. Marx argued that the wealth gap was a fundamental flaw of capitalism, and that only through socialist revolution could society achieve true equality and justice. Marx's critique of capitalism and his advocacy for a more equitable distribution of wealth have had a lasting impact on how we understand the wealth gap and its …show more content…
On the positive side, addressing the wealth gap can lead to improved health outcomes for marginalized communities and a more equitable society overall. By reducing income inequality and increasing access to resources, such as healthcare and education, we can create a more just and inclusive society where everyone has the opportunity to thrive. Additionally, addressing the wealth gap can lead to greater social cohesion and a sense of solidarity among diverse
In Marx’s opinion, the cause of poverty has always been due to the struggle between social classes, with one class keeping its power by suppressing the other classes. He claims the opposing forces of the Industrial Age are the bourgeois and the proletarians. Marx describes the bourgeois as a middle class drunk on power. The bourgeois are the controllers of industrialization, the owners of the factories that abuse their workers and strip all human dignity away from them for pennies. Industry, Marx says, has made the proletariat working class only a tool for increasing the wealth of the bourgeoisie. Because the aim of the bourgeoisie is to increase their trade and wealth, it is necessary to exploit the worker to maximize profit. This, according to Marx, is why the labor of the proletariat continued to steadily increase while the wages of the proletariat continued to steadily decrease.
The inequity of this system is what results in the powerlessness of those in poverty, who find themselves unable to challenge those in power. Marx perhaps best envisioned this in his concept of a class struggle between the proletariat (working class) and bourgeoisie (owners of the means of production), and proposed socialism as an alternative economic system. As the wage gap increases, those in poverty have less “money”, the negotiation tool in capitalist systems, to fight for themselves. Capitalism has also always been entwined with democracy, yet this is not a symbiotic relationship.
Marx believes there is a true human nature, that of a free species being, but our social environment can alienate us from it. To describe this nature, he first describes the class conflict between the bourgeois and the proletariats. Coined by Marx, the bourgeois are “the exploiting and ruling class.”, and the proletariats are “the exploited and oppressed class” (Marx, 207). These two classes are separated because of the machine we call capitalism. Capitalism arises from private property, specialization of labor, wage labor, and inevitably causes competition.
Wealth inequality is a real issue that needs to be fixed. The imbalanced growth of the upper class compared to the middle class is a danger to American society as a whole. The rich becoming richer while the middle class remains the same leads to a power imbalance, with the rich using their money to run the country the way they see fit while the middle class speaks to ears that do not listen. The issue of wealth inequality needs to be fixed by raising taxes on the rich.
and teachings of Karl Marx, is a system in which everyone is seen as equal and wealth is
Income inequality not only harms us fiscally, but also affects our mental and physical wellbeing; therefore, it is important to identify the right ways to control wealth distribution among people.
Communism has been regarded as the opposite to capitalism; however it was capitalism that gave rise to communism. During the Gilded Age capitalism influenced the growth of the industrial revolution in Europe and in the United States. The Gilded Age was the period of 1870-1910, where there was great economic growth in the United States. People like Andrew Carnegie and John D. Rockefeller were entrepreneurs who made their fortunes in this age of industrialization. Although this period brought technological advances and economic growth, it also was a period of disparity and poverty.
Karl Marx noted that society was highly stratified in that most of the individuals in society, those who worked the hardest, were also the ones who received the least from the benefits of their labor. In reaction to this observation, Karl Marx wrote The Communist Manifesto where he described a new society, a more perfect society, a communist society. Marx envisioned a society, in which all property is held in common, that is a society in which one individual did not receive more than another, but in which all individuals shared in the benefits of collective labor (Marx #11, p. 262). In order to accomplish such a task Marx needed to find a relationship between the individual and society that accounted for social change. For Marx such relationship was from the historical mode of production, through the exploits of wage labor, and thus the individual’s relationship to the mode of production (Marx #11, p. 256).
There has always been a wealth gap between the richest and poorest in society. However, in the past decade, the wealth gap between the richest and poorest citizens in the US has been growing rapidly. In the 70s and 80s, the wealth and income growth rate for both poor and rich people were similar, however, between the years 2009 and 2012 the top 1% income increased 31% while for the bottom 20%, their income actually dropped and for the vast majority of Americans, the average yearly income only increased by 0.4% [4]. The question is, is wealth gap bad? Is a growing or extreme wealth gap unhealthy for the economy and social stability or is it a necessary part of it.
Through out history money, wealth and capital have dictated a way of life to the masses. Wealth dictated the lives that the rich lived and the lives of the poor that worked for and surrounded them. In some cultures your class could never be escaped in life, you had to wait for your next incarnation, while in other cultures the idea of wealth transcended a life and allowed for growth from one class to another. This is the reality of a capitalist society that was first discussed by Karl Marx in the 19th century.
Inequality is known as the instance or condition of being unequal (Anon., 2003), therefore saying that inequality is when there are differences and when this is linked with the worldwide financial crisis, ‘it draws great attention to the world of the super-rich and the increases in inequality since 1980, which is returning the country back to a degree of inequality which was last seen around 1929 or maybe even 1913’ (Morrill, 2008). This demonstrates that inequality has been an increasing problem, but should this inequality affect us and affect us in the terms of health disparity?
Capitalism dominates the world today. Known as a system to create wealth, capitalism’s main purpose is to increase profits through land, labor and free market. It is a replacement of feudalism and slavery. It promises to provide equality and increases living standards through equal exchanges, technological innovations and mass productions. However, taking a look at the global economy today, one can clearly see the disparity between developed and developing countries, and the persistence of poverty throughout the world despite the existence of abundant wealth. This modern issue was predicted and explained a hundred and fifty years ago in Karl Marx’s Capital.
Wealth inequality is the uneven distribution of resources in a given state or population, which can also be called the wealth gap. The sum of one’s total assets excluding the liabilities equates the person’s wealth also known as the net worth. Investments, residents, cash, real estates and everything owned by an individual are their assets.In reality, the United States is among the richest countries in the world, though a few people creating a major gap between the richest, the middle class and the poor control most of its wealth. For more than a quarter of a century, only the rich American families have shown an increase to their net worth.Thisis a worrying fact for the less fortunate in the country and calls for assessment (Baranoff, 2015).
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.
Marx believed that capitalism was unfair because the rich middle and upper class people manipulated the system and used it for their own benefit while we got the short end of the stick. We, being average Americans— like myself— who go to college full-time, juggle a job, and yet are constantly struggling just to make ends meet: the unappreciated, exploited and underpaid every day heroes.... ... middle of paper ... ... 6.