Democracy And Inequality In The United States

In a democracy it is possible to provide equal opportunity to the entire citizen to prosper because the democracy is based on political equity. All individual has equal right in electing their representative. Rising inequality has become the defining challenge of the century; it has profound implications for the health and resilience of democracies everywhere. Inequality—and the fears of social decline and exclusion it generates—feeds social polarization and the shrinking of a vital moderate center. It also severely skews political voice and representation towards those who have resources and power. This generates and perpetuates elites with outsized influence over shaping policy- and decision-making processes; this imbalance of power determines

According to Acemoglu et al. (2013), it revisits these questions both theoretically and empirically. Theoretically, it points out why the relationship between democracy, redistribution, and inequality may be more complex than the discussion above might suggest. First, democracy may be ‘captured’ or ‘constrained’. In particular, even though democracy clearly changes the distribution of de jure power in society, policy outcomes and inequality depend not just on the de jure but also the de facto distribution of power. Acemoglu and Robinson (2008) argue that, under certain circumstances, elites who see their de jure power eroded by democratization may sufficiently increase their investments in de facto power (e.g. via control of local law enforcement, mobilization of non-state armed actors, lobbying, and other means of capturing the party system) in order to continue to control the political process. If so, we would not see much impact of democratization on redistribution and inequality. Similarly, democracy may be constrained by other de

national election. On one level, income inequality is a non-issue in a market economy where there will always be winners and losers. In a market where individuals are free to make choices and reap the rewards of the choices they make, it is a given that some will wind up with more than others. We cannot all be equal because we don’t all have the same natural endowments. Those with certain skills and abilities will often wind up with more than those without. And those who went to school to train for specific occupations that pay well will earn more than those who did not. In short, skilled workers will earn more than non-skilled workers. Consequently, in an increasingly global economy where there will be two classes — skilled and educated workers at the top earning high wages and unskilled and poorly educated workers at the bottom earning low wages — there is bound to be inequality. Moreover, as these trends continue, the gap between the top and the bottom is only bound to grow. On another level, however, income inequality is a seminal issue because of what it really speaks to: the disappearance of the middle class. Inequality per se may not be the problem; rather it is the rate of increase in