Inequality Is The Inevitable Outcome Of Capitalism Essay

970 Words4 Pages
Inequality is the inevitable outcome of capitalism. It provides incentive for those who own the modes of production, the capitalists, to invest back into the system as well as for those who sell their labours to work productively. However, this system does many times only benefit the capitalists, while leaving a large portion of the population insecure. To attend to these insecurities and minimize the level of inequality, states implement policies and programs that provide their citizens safety nets. These are known as welfare states. Models and theories of welfare state are highly influenced by the experiences of the Western world. In these state social provisioning came to be due to economic growth, labour mobilization and coalition. So, it brings into question if it can be applied to the rest of the world. This paper will argue that the welfare state literature is inapplicable to the Global South as the writings and understandings needs and conditions are highly Eurocentric. It lacks to take into consideration historical context that has led these states to their current conditions, as well as the current global system that further perpetuates it. Countries that are categorised to be in the Global South were at some point in history colonized. Much of these countries were colonized by the industrialized and wealth countries of the Global North. Resources from colonies were used to propel the industrialization of the colonizers. Capital was only reinvested in the economy
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