Does Democracy Work for the Entire World? Essay

In the United States, high standard of living is not equally shared with in the Americans. The 1970s and 1990s was period where economic inequality began to grow. Emmanuel Saez, an economics professor at UC Berkeley has been doing a research for the U.S. income inequality. He states that there has been an increase since the 1970s, and has reached levels that have not been seen since 1928. “In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution, by 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades. But starting in the mid- to late 1970s, the uppermost percent income share began rising dramatically, while that of the bottom 90% started to fall.”(DeSilver) Ever since then, economic inequality continues to increase, especially in the last three decades.

"How Economic Inequality Harms Societies." Richard Wilkinson:. TED Talks, July 2011. Web. 26 Feb. 2015.

A Critical Analysis of The Divide: American Injustice in the Age of the Wealth Gap

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

No matter which country you would look into whether it’s from wealthier to those less wealthy countries through the eyes of economics, there are bound to be types of inequity within their borders. Inequity is a very crucial problem in the United States, you would think that our economy here in the states is booming, and the citizens are living life easy or without worry. Life is the United States isn’t as it seems, in fact, Inequity is in fact a big problem even in the United States. Over the years, there has been millions of Americans that were considered to be in poor or in poverty line that are not able to provide for themselves and their families. We can sadly see those Americans on the streets, cars or shelters unable to keep-ends meet that are not able to keep a decent paying job. That is why throughout this paper I’ll be discussing why inequity is a big issue in the United States from how income is distributed through causes of income inequality, social status, and even how the government interventions is trying to alleviate income inequity.

Furthermore, when analyzing the different classes, and the distributions of wealth and income in the United Sates; for instance, the upper, middle, and lower classes – it is an astronomical amount of wealth that the top 1 percent acquire. It is also noted by Johnson & Rhodes (2015), “that income and wage inequality have risen sharply over the last thirty years” (pg. 228). Equally important to this, is how the average change in income is divided in Americas quintiles and the widening gaps. For example, in Table 5.2, while the lowest fifth quintile increased from $11,128 to $11,361 – a difference of $233.00 from years 2006 to 2012; the highest quintile increased from $289,446 to $319,918 – an exponential increase of $30,472 (pg. 229). With income inequalities at this rate, it is difficult for the majority of the United States to experience upward social mobility. Pursuing this further, in a line stated by Johnson and Rhodes (2015), “The wealthiest Americans can live on the dividends from their investments without having to touch the principle or work for a salary” (pg. 230). From this, it is visible to see how society has compartmentalized different levels of functions to keep a so called balance for the greater

The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.

Chapter 7 of “American Democracy in Peril: Eight Challenges to America's Future” by William E Hudson. The author argues about Economic Inequality and its effect on people living in the United States. Economic Inequality has been a major issue in the United States. As countries, most of the wealth and income is accumulated in the hands of top 1 percent of wealthiest families in America. As in 2008 a financial crisis caused by top 1 percent of the wealthiest families in America which caused Great Recession from which most the 99 percent families suffered till 2011 and they hold top 1 percent wealthiest accountable for causing financial crisis But due to their economic status and strong political influence they were able to escape the accountability

According to the CIA’s World Fact Book, the United States now ranks 39th in the world when it comes to income inequality. What that means is that only 38 percent out of 136 countries have less equitable distribution of income than the U.S. The financial gap has been widening.

Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted

William Dean Howells once stated “Inequality is as dear to the American heart as liberty itself.” Although inequality has been a global, notorious issue, but no other nation recognizes it better than the United States, a nation built upon opportunity and equality, One would expect such a nation to withhold these values, however, inequality is running rampant, and has restrained opportunity to the point where it goes unnoticed in the daily lives of Americans. The poor and middle class stay stagnant and struggle with staying happy and healthy, and the rich prosper and binge on the unnecessary. With free reign over the nation, inequality is desecrating the American promise of the opportunity to pursue happiness economically,

Democracy: a government by the people, in which citizens rule either directly or through elected representatives - the latter description more relevant to today’s societies. Quite evidently, democracy is not perfect; like any other political system, it is subject to a plethora of flaws. For instance, it is no secret that voters tend to make illogical decisions – not out of sheer malice, but as a result of being wrongly informed. Politicians also make erroneous choices, whether they do so because they are dishonest or simply out of touch with the true will of their constituents. Further, anyone who has studied the government of a parliamentary democracy knows gerrymandering can have a powerful say in determining elections. Despite these and

Income inequality is a phenomenon that is undeniably real in our current world, and more specifically, the present United States. Canon describes how the gap between the elite and the poor has been consistently growing for many years and continues to widen (189). Whether the differences between the top and the bottom are a threat to current society is another story. Does income inequality undermine a democracy? Ray Williams argues that societies are strongest when they have a higher rate of equality while George Will challenges that inequality is the very basis of what make democratic processes. A. Barton Hinkle takes a Libertarian approach to the idea that inequality is threatening to democracy and how it can be fixed. Some threats that each article addressed were economic impacts, civility, and fairness. Overall, there is a definite need to evaluate whether the United States democracy is being threatened due to the continuous rise of the elites and the fall of the working class.

Winston Churchill once remarked that “democracy is the worst form of government except all the others that have been tried”. In agreement with his statement, this paper will examine the problems of democratic governments using specific examples, and compare it to the failure of fascist governments in Nazi Germany and Italy and communist governments in the Soviet Union and China.

Throughout history different types of instrumental regimes have been in tact so civilizations remained structured and cohesive. As humanity advanced, governments obligingly followed. Although there have been hiccups from the ancient times to modern day, one type of government, democracy, has proven to be the most effective and adaptive. As quoted by Winston Churchill, democracy is the best form of government that has existed. This is true because the heart of democracy is reliant, dependent, and thrives on the populaces desires; which gives them the ability for maintaining the right to choose, over time it adjusts and fixes itself to engulf the prominent troubling issues, and people have the right of electing the person they