In today’s world, there is an imbalance of wealthy and poor states; within these states, there is an even worse imbalance between wealthy and poor people. This imbalance is a result of the capitalistic system that we have in place in Western first-world states. The way that the Western capitalistic system is built, the wealthy owners of large companies hoard the money that is given to them rather than pumping large amounts of it back into the economy. As a result, the state cannot print more money to distribute to the poor of the nation, and they eventually get poorer. Essentially this is the realization of the colloquialism that in this society, the rich get richer and the poor get poorer. This report will explain that in our society, we need poor people in order to be able to allow those in the western world to become rich, and follow the dream of becoming ‘filthy rich’ through means of exploitation.
Poverty and inequality are obviously not new. Every society has had poor people since the likes of Ancient Egypt and Rome. The difference between contemporary era and ancient times is that we have much more advanced infrastructure that should eradicate poverty, but we have found ways to ensure that people are still impoverished in our society. …show more content…
“The gains of economic growth are increasingly going to those people who have an education and the means to exploit entrepreneurial opportunity” (Al Jazeera, 2013). Wealth in our day in age works as a double-edged sword. Students work hard to move out of the middle class to achieve a higher paying job. As a result, students who want to fix the system of money hoarding (unless they donate large amounts of their profits) become the money hoarders themselves, which leaves the poor in an inevitable cycle of
Poverty and inequality are obviously not new. Every society has had poor people since the likes of Ancient Egypt and Rome. The difference between contemporary era and ancient times is that we have much more advanced infrastructure that should eradicate poverty, but we have found ways to ensure that people are still impoverished in our society. …show more content…
“The gains of economic growth are increasingly going to those people who have an education and the means to exploit entrepreneurial opportunity” (Al Jazeera, 2013). Wealth in our day in age works as a double-edged sword. Students work hard to move out of the middle class to achieve a higher paying job. As a result, students who want to fix the system of money hoarding (unless they donate large amounts of their profits) become the money hoarders themselves, which leaves the poor in an inevitable cycle of