Let's Get Serious About Inequality And Socialism

According to Marx and the Communist Manifesto, history is the rich battling with the poor, also history has always been a history of class struggle. The Communist Manifesto calls for equality among all classes, therefore there would be no classes. Workers are paid different salaries according to the quality and the training of their work. "Society as a whole is more and more splitting up into two great hostile camps, into two great classes, directly facing each other: Bourgeoisie and Proletariat."[iii] As Marx’s states here, he feels that society is splitting more and more in to classes, which is feels is wrong. He thinks that society should be one and everyone should belong to one class. Marx did not deny the close connection between personal freedom and property rights. "In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property."[iv] Marx thought that the role of every individual was for everyone to be a worker and to make an equal amount of money as everyone else. Marx even stated that having a capitalist society would therefore make that society fall, all because of the ongoing struggle between the rich and the poor. The Communist Manifesto states that communism would change a person’s role in life from being decided on the basis

The view that the rich get richer and the poor get poorer has been heard repeatedly in reference to America’s income inequality. Though ironic, it comes as no surprise that America, a continent that easily trumps other countries in terms of wealth would be affected by the issue of poverty at such high levels. While much has said regarding the poverty levels, many economists, educators and scholars feel that the income inequality in America may be the reason why it is difficult to live and maintain a middle class lifestyle or to rise out of poverty into the middle class in the current economic state. With this in mind, the only way America, has a chance of lessening or eliminating poverty altogether is by understanding how it exists.

It is a commonly accepted that inequality is increasing throughout the globe, with startling statistics such as the recent Oxfam report indicating that the richest 85 people in the world own more wealth than the poorest 3.5 billion people(Oxfam Australia Media, 2014). Inequality is thought of as disparities or gaps, such as the distance between a low income and a high income household, or the ratio of their incomes (Divided We Stand, 2011). Domestic inequality refers to inequality within a country and

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.

Americans today live in a distinctly unequal society. Inequality is now wider than it used to be in the last century, and the division in income, wages, and wealth are broader than they are in other developed economies of the world. Wealth inequality is the imbalance of wealth or income within a society, and it is one of the most vital economic challenge the US is facing today because the distribution of wealth is more dispersed, making the inequality in wealth distribution at its highest. While the matter has been discussed for many years, the actual income disparity in the U.S. has heightened and is now verging on an extreme gap that portends to impede long-term economic growth. The huge gap between the wealthy and poor is squeezing the U.S. economy, the wealth gap threatens economic growth by diminishing social mobility and producing a less-educated workforce who are not able to compete in the global economy. unrestrained level of income inequality causes political pressures, it discourages trade, investment, and hiring. The present level of income inequality in the U.S. is shrinking GDP growth, and the world's largest economy is struggling to recover from the Great Recession.

"The history of all hitherto existing society is the history of class struggles." Throughout history, us Proletariats have been oppressed by the Bourgeoisie. They make us factory employees do their work, but they reap the rewards. As many articles have suggested, this must be stopped. Each article provides a unique standpoint on the method of halting this abuse.

Poverty is an issue that has affected society since civilization was first created. Even with a globalized economy and economic opportunity prevalent nearly everywhere, there is still a vast majority of people who live in financial strain. According to recent information obtained by the World Bank, “10.7% of the world’s population live on less than US $1.90 a day”(World Bank 2013). In the United States considered the wealthiest nation on Earth, the poverty rate is 12.7% which is 40.6 million people(US Census Bureau 2016). Though some people are in poverty because of their own choices, poverty is a result of structural institutional practices in place.

However, Karl Marx, a German author, states that “[t]he history of all hitherto existing society is the history of class struggles” (Marx, 62). He identifies history as class struggles which categorize the people from different classes in “eternal forms” as Plato thinks about identities. In Marx’s The Communist manifesto, he introduces two classes, which are Proletariat and Bourgeois. The Proletariat works for Bourgeois, but the Bourgeois owns the majority of the capital. In Bourgeois society, there is a gap between rich and poor, and being poor becomes a consent struggle for the Proletariat. In this society, the Bourgeois has the identity of being rich, and the Proletariat owns the identity of being poor. As long as the Bourgeois exists, the

Vermont Senator and presidential candidate, Bernie Sanders, said it best when he said “A nation will not serve morally or economically when so few have so much, and so many have so little.” This quote perfectly describes the issue that The United States is currently dealing with: income inequality. Income inequality is the gap between how much money is made by the rich and everyone else in the nation. It also refers to the unequal distribution of wealth among people in a population. According to the Bureau of Economic Analysis, the gross domestic product (GDP) in the United States has steadily been rising, making it seem as though economic growth is stable (Inequality for All). However, it does not take into account the increasingly widening gap between the 1% and the 99% of the nation’s population. Government officials should pay closer attention to income inequality in The United States because ignoring the issue ultimately hurts American citizens.

The United States wealth inequality gap is one of the largest gaps in the world. According to the article Causes of Poverty by Anup Shah, “ Almost

Income inequality has been a major concern around the world, and it mainly links to how economic metrics are distributed among individuals in a country. Economists generally categorise these metrics in wealth, income and consumption. Wilkinson and Picket (2009) showed in their studies that inequality has drawbacks that lead to social problems. This is because income inequality and wealth concentration can hinder or delay long term growth. In 2011, International Monetary Fund economists showed that less income inequality increased the duration of countries’ economic growth spells more than free trade, low government corruption, foreign investment or low foreign debt (Berg and Ostry, 2011).

Marx’s political theory is based on the idea that social history has been defined by a series of class struggles. When a new class overtakes the prior ruling class, a new order emerges. Ideally, this new order would be an improvement on the past system. But in reality, misery still exists in tiers of society because the new systems typically embody a similar model of the oppressed-oppressor relationship, where lower classes are exploited in a similar way. The modern bourgeois society “has not done away with class antagonisms. It has but established new classes, new conditions of oppression, new forms of struggle in place of the old ones” (14). In this way, new systems are part of a natural progression of society, but they continue to exhibit

The problem of poverty has always plagued the world, including developed countries, such as America. It is one of the main reasons that less developed countries have difficulty developing at the pace of other countries. Many different actions can cause poverty. Most people have different opinions on why poverty still exists. “Nearly equal portions of the public in advanced, emerging, and developing countries, cite the gap between the rich and the poor as a very big problem. And notably, it is the leading economic concern in the eyes of people in major economies such as China and Germany, at 42 and 39 percent, respectively, according to the new Pew Research survey. A global median of 29 percent say their government’s actions are to blame for inequality, making it the leading cause cited. People in advanced economies, in particular, believe that their governments are responsible for the rich getting richer and equally culpable for the poor becoming relatively poorer. A median of 32 percent in those nations blame government, three times the percentage that cite the failings of their educational system and double the share who blame their tax system” (Stokes). Some people that are wealthy are also greedy. Although they control a large amount of wealth, they are unwilling to share it. Although it should not be the responsibility of wealthy people to support people in poverty, it would be helpful to the advancement of society. Another contributing reason that poverty exists is

‘Every form of society has been on the antagonism of oppressing and oppressed classes…The modern labourer instead of rising with the process of industry, he becomes a pauper, and pauperism develops more rapidly than population and wealth. Here it becomes evident that thy bourgeoisie is unfit any longer to be the ruling class in society…Society can no longer live under this bourgeoisie, and it’s existence is no longer compatible with society…’ (Marx, Manifesto of the Communist Party 1847)

Human societies have been class based in some way and the class factor has been the most basic dividing or differentiating factor between broad social groups. In the economic sphere that Marx’s theory focuses on, there is a class that own and control means of economic production which could be referred to as the upper class, and there is the class that maybe own nothing, but their ability to sell their labor power in return for wages which could be referred to as the middle or low class. From that understanding, and based on the conflict theory, one might argue that unequal distribution of resources and access