Question

Explain in your own words as to why economic inequalities exist in societies? Which theorist's model fits your viewpoint the best and why? Please elaborate on your analysis by giving examples

Answer 1

The economic inequalities are the reality of our society, let me take you to the history of the social formation so that I will explain my words effectively.

The formation of society based on the individual or collective control over resources, if we follow the theory of Charles Darwin, we can see that resources were controlled by some specific societies which were powerful at the ancient time, this process followed by our forefathers so that the distribution of resources imbalanced.

The imbalance between resources made wars, fights, and revolutions, the powerful communities controlled large resources which help them to develop economically. Economic development made them more powerful so they increased the capital and gained more resources this process created inequalities among societies.

In my opinion, we cannot describe the economic inequalities by one or two theory because it belongs to various aspects of the society.

Intellectual transfer and utilization of capital made some societies more active than others, so they spread inequalities.

Last few weeks ago, I had listened to a news regarding economic inequalities which were telling us that one percent of people owning most of the wealth of the world, the question is why? Because they controlled resources so controlled population and controlled economic development.   

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