Limits of Unbalanced Economic Growth and Capitalism
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| Limits of Unbalanced Economic Growth and Capitalism |
Dr Bhimrao Ambedkar had said that "Equality is that the object of the imaginary world". Ever since the creation of the planet, the stratification of each person is nature-oriented. We get to ascertain gender, economic, social, political, geographical inequality everywhere within the world. But in these inequalities, economic inequality attracted the eye of thinkers more. Marx also wrote a book called "The-Capital" about economic inequality. In which he tried to prove that each aspect of life is decided by its economic side. Even further, he discussed the history of mankind on an economic basis. During which the rights on the means of production were considered as fact and divided the planet into only two groups. The primarily Bourgeoisie and remaining are proletariats. Marxism, which was dreaming of equality as a political philosophy, ended itself.
After the top of communism, the horse of capitalism is running a gallop within the world. The world is a market for capitalism. The market is cruel. Where capital, not emotion, is vital. The flow of capital is within the market, but it's limited to some industrialists houses. At the beginning of capitalism, its irony began to seem. For this, organizations like the World Trade Organization, the World Bank, International Monetary Fund has been formed, which are constantly examining the health of capitalism. So that the symptoms of any major disease within the system are identified within time and it is diagnosed.
During this context, the annual meeting of the "World Economic Forum" takes place within the city of Davos, Switzerland. Billionaires, Industrialists, Economists and officials of policy regulatory bodies of all countries of the world participate in this meeting. Markets assess the economy and flow of capital and formulate further strategies. In the 50th meeting of the World Economic Forum, the human rights organization "Oxfam" has released a report called "Time to Care". states that a total of 2153 billionaires within the world have quite 60% of the world's low-income population (460 crores). This report is predicated on the info for the year 2019. Consistent with this report, 63 billionaires in India even have more assets than the entire budget of the country. India's budget was Rs. 24 lakh 42 thousand 200 crores for the year 2018-19. India is not any different based on economic inequality. 01 per cent of India's billionaires have 4 times the wealth of 70% of the country's poor population (95.3 crores).
According to "Oxfam India" CEO, Amitabh Behar “The gap between rich and poor can't be bridged without strong policies to get rid of inequality. to beat this inequality, governments must implement a special policy for the poor. He said that our inefficient economies are filling the pockets of billionaires and large companies at the value of folk. consistent with this report, if the rich class pays a further tax on their property at the speed of just 0.5 per cent for subsequent 10 years, then this investment required to make 11.7 crore jobs in areas like the education and health of the elderly and youngsters . are going to be adequate to it's also a bitter truth that governments of various countries of the planet are charging tax from the rich and corporations at a really low rate. within the name of economic development, big capitalists and corporations are constantly harming the environment and are using technologies that have adverse effects on the environment. then, the governments of varied countries later give the tax income collected from citizens within the name of environmental protection within the name of contracts for environmental protection to those companies.
Consistent with the Oxfam report, gender inequality also plays a crucial role in economic determination. Consistent with this report, 22 rich people of the world have more capital than the wealth of all the ladies of the continent of Africa. Women from everywhere in the world work together for 326 million hours each day taking care of the family with none money. Consistent with an estimate, the contribution of this work to his work is Rs. 19 lakh crores within the world economy.
Consistent with the above report, the increasing economic inequality within the world shows the suppression cycle of capitalism. No system is often sustainable unless it's in favour of most of the people. At present, the world financial system is within the grip of the recession. In such a situation, it's the responsibility of economists, policymakers, top industrialists and the heads of state gathered within the World Economic Forum to make such economic policies in the longer term so that the dream of equality within the world isn't just a dream. If the planet has got to get obviate the disorders of mutual malice, terrorism, violence, etc. then there's no other way other then economic equality.
After the top of communism, the horse of capitalism is running a gallop within the world. The world is a market for capitalism. The market is cruel. Where capital, not emotion, is vital. The flow of capital is within the market, but it's limited to some industrialists houses. At the beginning of capitalism, its irony began to seem. For this, organizations like the World Trade Organization, the World Bank, International Monetary Fund has been formed, which are constantly examining the health of capitalism. So that the symptoms of any major disease within the system are identified within time and it is diagnosed.
During this context, the annual meeting of the "World Economic Forum" takes place within the city of Davos, Switzerland. Billionaires, Industrialists, Economists and officials of policy regulatory bodies of all countries of the world participate in this meeting. Markets assess the economy and flow of capital and formulate further strategies. In the 50th meeting of the World Economic Forum, the human rights organization "Oxfam" has released a report called "Time to Care". states that a total of 2153 billionaires within the world have quite 60% of the world's low-income population (460 crores). This report is predicated on the info for the year 2019. Consistent with this report, 63 billionaires in India even have more assets than the entire budget of the country. India's budget was Rs. 24 lakh 42 thousand 200 crores for the year 2018-19. India is not any different based on economic inequality. 01 per cent of India's billionaires have 4 times the wealth of 70% of the country's poor population (95.3 crores).
According to "Oxfam India" CEO, Amitabh Behar “The gap between rich and poor can't be bridged without strong policies to get rid of inequality. to beat this inequality, governments must implement a special policy for the poor. He said that our inefficient economies are filling the pockets of billionaires and large companies at the value of folk. consistent with this report, if the rich class pays a further tax on their property at the speed of just 0.5 per cent for subsequent 10 years, then this investment required to make 11.7 crore jobs in areas like the education and health of the elderly and youngsters . are going to be adequate to it's also a bitter truth that governments of various countries of the planet are charging tax from the rich and corporations at a really low rate. within the name of economic development, big capitalists and corporations are constantly harming the environment and are using technologies that have adverse effects on the environment. then, the governments of varied countries later give the tax income collected from citizens within the name of environmental protection within the name of contracts for environmental protection to those companies.
Consistent with the Oxfam report, gender inequality also plays a crucial role in economic determination. Consistent with this report, 22 rich people of the world have more capital than the wealth of all the ladies of the continent of Africa. Women from everywhere in the world work together for 326 million hours each day taking care of the family with none money. Consistent with an estimate, the contribution of this work to his work is Rs. 19 lakh crores within the world economy.
Consistent with the above report, the increasing economic inequality within the world shows the suppression cycle of capitalism. No system is often sustainable unless it's in favour of most of the people. At present, the world financial system is within the grip of the recession. In such a situation, it's the responsibility of economists, policymakers, top industrialists and the heads of state gathered within the World Economic Forum to make such economic policies in the longer term so that the dream of equality within the world isn't just a dream. If the planet has got to get obviate the disorders of mutual malice, terrorism, violence, etc. then there's no other way other then economic equality.
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