logo image

Economic Disparity Essay

The gap between the world’s rich and poor keeps widening. Over the last 20 years, the market share of the least-developed countries (700 million inhabitants) has decreased from 1 percent to 0. 6 percent of the world’s total commerce. “The majority of the population in black Africa is poorer today than a generation ago,” writes French economist Philippe Jurgensen in Challenges magazine. In Ethiopia, for example, 67 million people live on one third the wealth of Luxembourg’s 400,000 inhabitants.

Jurgensen notes that European farmers are entitled to receive a daily subsidy of 2. 5 euros per cow, whereas some 2. 5 billion people live on less than that each day. Thus, in many parts of the world, “a poor person is worth less than a cow,” says Jurgensen. (Bowler, 1983, 15) The present society today is composed of a vast population that is so much divided by the economic status of each individual. There are those who have strived and attained the wealth that they wanted, and there are those who remained in their state and stayed poor all their lives.

This is the situation that social Darwinism suggests. The vast income divide between rich and poor segregates people and even countries

Need essay sample on "Economic Disparity"? We will write a custom essay sample specifically for you for only $ 13.90/page

from one another. Not long ago the fortune of the richest man in the United States surpassed the combined net worth of more than 100 million of his fellow Americans. Globalization has also favored the growth of rich multinational companies that have practically taken over the world market for certain products. In 1998, for example, just ten companies controlled 86 percent of the $262-billion telecommunications business.

The economic clout of these multinationals often exceeds that of governments and, as Amnesty International points out, “human rights and labour rights are not a priority on their agenda. Because of this fact, economic prejudice and oppression of the poor is very eminent within the communities of any nation. At so many situations, it could be noted that the poor are the ones discriminated from receiving the needed provisions that they ought to receive from the governments.

Their rights are duly suppressed simply because of the fact that they have not much financial source to support their need or even their rights. Sadly, the situation of the poor becomes even poorer every second that the society advances ahead through technology, while the rich ones become richer because of their capability to use capitalism as a source of business, which would give them even more financial freedom. At this point, the existence of social Darwinism already becomes clear.

Yes, Social Darwinism clearly portrays the psychological distraction that the poor ones get from their situation in life. Being poor have naturally made people commit the biggest mistake of simply accepting what they are. Their blinded mind that focuses on their misery has dragged them to the dreadful situation of helplessness that they are dealing with right now. Certainly, in relating the said theory to the actual situations of the humanity, it could be observed that the idea of Darwinism is indeed true and is obvious.

Because of the fact that there are those who have power, mainly because they have the capability to gain the said authority due to their accumulation of wealth, the oppression of those who do not have the sources to attain power continues to rise. How is this proven? The following paragraphs that would pertain to the actual current issues shall clearly state the situation of the society regarding social Darwinism. What the Current Events Suggest Poverty is indeed wide spread in the whole world.

Because of the lack of ability of the world governments to accurately provide people with what they need due to the fast-growing population, many among the human society are set aside and pushed towards poverty. Hence, as a result, their offspring and the generation that follows their line then remain in the said economic status. There are only a few among the many who are able to succeed in running away or struggling hard to change their status in the community. As a result, those people steadied in their situation of being poor already loose hope in coping up with their needs.

The fact that they are suppressed in having the things that they need because of their incapability to pay, they then develop the idea that there are no ways for them to survive from their miseries in life except for the fact that they need to live by and accept their life as it is. It might then raise curiosity among readers on “what are the real causes of poverty among people in the society? ” In the diagram that follows, a summarized presentation of the said issue shall be addressed showing what is actually driving the poor sector of the society remains the way that they are.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy