Rich people are getting richer, and poor people are getting poorer. The gap between rich and poor people is widening. What problems can the situation cause? What can be done to reduce this gap?

The amount of income of
people
is always an important topic in social sciences. The equilibrium of society depends on how
this
income is shared among the society. Sadly, with the start of the 1950s, the gap between poor and rich has become wider and nowadays
this
gap has reached its peak point. The reason for
this
situation is the structure of our business organization we have constructed over years.
This
economic model is called ‘Capitalism’. Needless to say, the word Capitalism is the derivative of Capital and obliviously, one who has capital has the chance to improve his business and obtain welfare.
On the other hand
, poor guys are less likely to build a business because of the absence of capital. One of the ugliest results of
this
system is that
this
system makes
people
simply greedy. The community has started to think true happiness can be reached only with more money. Another problem we face in
this
system is consumerism which means to have a good stable mood it is obligatory to consume more and more. In future, if
this
economic model preserves itself, it can lead to anarchy which may result in disasters and the deaths of many innocents. To improve our lives, and beat
this
endless unhappiness, we should teach our children the importance of social justice.
This
problem is not going to be solved in the following several years. In the long run, we should change the way how we understand life. We must alter the roots and dynamics of our community.
Nevertheless
, we should preserve our hope because human beings had solved many more difficult problems in history. There is a great number of
people
who are aware of
this
problem. A modern social and economic structure should be formed to address
this
issue. The government policy to help the poor should be more emphasised and education in a country should be free so that poor
people
can make their children educated.
This
educational opportunity can play a huge role to mitigate
this
eminent difference. In conclusion, the social and economic formation and revolutionary changes in current capitalism are required to eliminate the gap between the poor and rich. More than three-fourths of wealth is owned by only 15% of the total population in the world.
This
is an unfair distribution and if not addressed carefully would only create chaos in the future
Submitted by hameedsarmad03 on

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