Economic inequality

Income inequality is currently at its peak. If I drew a picture between the last economic crash and today, it would look much akin to a suspension bridge, an idea Robert Reich cleverly displayed in his film Inequality for All. Visualizing is an important tool when discussing complex topics, as it’s sometimes difficult to see each piece of the puzzle without relating them to everyday experiences. So let me paint a picture, one that’s currently a hot topic in America; the growing inequality…

Income Inequality, Media Fragmentation, And Increased Political Polarization by John Duca looks at the several factors that has increased polarization in the United States. First Duca examined the concept of income inequality. Income inequality is the concept that the rich get richer and the poor get poorer, and polarization is created from policies that cause that concept to only increase. Duca puts his hypothesis to test by comparing house polarization (Congress) to income inequality trends.…

Sociology in Our Times by Diana Kendall gives us a deep insight on the perspectives and theory’s that help us to view wealth, poverty, and global inequalities from different sides. Having a global perspective on wealth and poverty allows members of society to think about a situation as it relates to the rest of the world. With this we also look into global inequality through two different theories, the world systems theory and the new international division of labor theory. Wealth can be…

disparities between nations began to see significant growth at the beginning of the 18th century, and have continued to escalate ever since. The authors, Acemoglu and Robinson, in, Why Nations Fail, acknowledge three widely accepted theories for inequality between nations: Geography, Cultural, and Ignorance hypotheses. However, they argue that these theories “just don’t work,” and fail to explain what really goes on within country boarders. The first theory, the geography hypothesis, claims…

East Asian countries have managed globalization on their own and have controlled the terms in on which they entered the global economy; this has allowed them to reap the economic benefits of capitalism while sharing them equitably to reduce poverty (Stiglitz 218-219). It is predicted that “In the next eight years almost one billion people across Asia will take a Great Leap Forward into a new middle class” (Meredith and Hoppough)…

individuals. The organization of a society and its economic, legal, political, social and moral enforcement institutions and coordination mechanisms profoundly affects its economic performance and growth. It determines the cost of various feasible actions as well as wealth distribution. In this section let’s examine relationships between members of different groups. In In individualist societies the structure is integrated in the sense that economic transactions are conducted among people from…

that emerged from both interviews is the emphasis on social inequality to crime and criminal justice. I then went back to the data to re-examine whether the codes fit under this theme overall, and consulted new literature to contextualise this theme. The theme of inequality is based on the responses of both participants who have once or repeatedly discussed the topics relating to that…

or better said not mentioned at all. Poverty is a global economic problem that has arisen from global change, influenced by richer nations, government and economy. Regardless of where you live high levels of…

Regardless of the unparalleled levels of peace and global prosperity, in many countries a mood of economic malaise has contributed to anti-establishment, populist politics and a backlash against globalization. The inequality of income and wealth has fed back into the political arena in dramatic fashion this political season. Tycoons like Donald Trump are letting go their behind-the-scenes positions and stepping right onto the political stage. It can be insinuated that we are entering a new phase…

The article is titled “The Healthcare Industry: A Prescription to Help Heal Racial Economic Inequality” and discusses how racial inequality is prevalent throughout the unemployment numbers. Unemployment has soared and has reached a percentage of 5.5% according to the article. The author of the article, Dedrick Muhammad calls it “an untreated disease plaguing…