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Impact of poverty in less developed countries
Impact of poverty in less developed countries
IMPACT of poverty on the economy of the country
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The Indian economy is an interesting thing on one side we see Middle aged men in Imported Cars , Tall buildings with luxury apartments , five star hotels and clubs full of people spending thousands and posh luxury office’s It feels like money just spills out of the pockets of the rich to make this capitalist utopia of the few . We also see slums , factories with horrible workings conditions , Beggars and rag pickers on the roads living on less than the bare minimum needed to survive .When I was 12 years old I saw a women feeding her child of a trash can and in my hand was a burger from a fancy American fast food joint . I still think of that day and I don't feel lucky but guilty .
If you wanted me to write this essay on “The glorious Indian economy” than don't bother to read ahead . The economy is not only a system where the factors of production come together in the process of production ,consumption and distribution but it is a story . This particular story tells us , about the lives of the people living under this system and what do they do to survive . When I see this country and its economy , I see a great divide between the rich and the poor,the weak and the strong, the lucky and the unlucky and the oppressor and the oppressed . On one side we see workers,farmers,peasants and landless workers who work hard just to survive and on the other side, we see rich capitalists who just manipulate the markets to fill their pockets with money that they never toiled for . In this country the working man is poor and the gambling man is rich .The working man has laid the railroads , Built the buildings , Mined the mines and yet he stands hungry staring at what he has built . This Country has millionaires who are bus...
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...list mode of production gives opportunity only to the rich and not the talented . The question arises how can we change these miserable economic conditions which are faced by the immense majority . In order to end this we need to topple this social order in favor of a more just and fair system . We need to redistribute the wealth of society equally so that every man can live a life of dignity . In order to do that and improve the working conditions of the workingman the following must be done :
1) Nationalization of all industries
2) Abolition of private property
3) Abolition of all rights of inheritance
4) Abolition of towns and cities by an equal distribution
5) Abolition of the state in favor of anarchist-syndicalism
6) A heavy and progressive income tax
7) The creation of huge self governed industrial armies
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At one point in time poverty was the general fact of the world. Man was always expected to live on the line of poverty, majority of the economic thinkers couldn’t see the world moving away from this standard but we did and have gained great affluence. As society has grown from this poverty stricken state it once was in, into an affluent one, the ideas used to run it have yet to change in some ways. In The Affluent Society, John Kenneth Galbraith explains how with great economic growth there should be growth in economic ideas as well.
While it may be easier to persuade yourself that Boo’s published stories are works of fiction, her writings of the slums that surround the luxury hotels of Mumbai’s airport are very, very real. Katherine Boo’s book “Behind the Beautiful Forevers – Life, Death, and Hope in a Mumbai Undercity” does not attempt to solve problems or be an expert on social policy; instead, Boo provides the reader with an objective window into the battles between extremities of wealth and poverty. “Behind the Beautiful Forevers,” then, exposes the paucity and corruption prevalent within India.
The class system has been in place within humanity since the very birth of economic trade. It is a fact of life that others will seek self-betterment and gain power to provide for those that they love and their own personal interest. Throughout the years the implementation of a social class system has helped to differentiate the types of economic situations as nation and serve as a system to work toward the betterment of the society as a whole. However, as the world became more productive and the gaps between the higher classes and lower classes increased the efficiency of the social class system and the decisions made from the individuals within it has been called into question. Kalen Ockerman opened the channel to question if the class system is the helpful institution that benefits of all its citizens or if the lower classes are not getting the support and attention they deem necessary.
They can adopt the Marxist system and create a new social order, maybe based on communism, but that it gives the proletarians the fair treatment that they, for so long, have hope to achieve. Works Cited Carnegie, Andrew. The. The Gospel of Wealth. Mountain View College Reader.
In the novel, The White Tiger, by Aravind Adiga the main character, is Balram, one of the children in the “darkness” of India. Adiga sheds a new light on the poor of India, by writing from the point of view of a man who was at one time in the “darkness” or the slums of India and came into the “light” or rich point of view in India. Balram’s job as a driver allows him to see both sides of the poverty line in India. He sees that the poor are used and thrown away, while the rich are well off and have no understanding of the problems the poor people must face. The servants are kept in a mental “Rooster Coop” by their masters. The government in India supposedly tries to help the poor, but if there is one thing Adiga proves in The White Tiger, it is that India’s government is corrupted. Despite the government promises in India designed to satisfy the poor, the extreme differences between the rich and the poor and the idea of the Rooster Coop cause the poor of India to remain in the slums.
America has always seen as the symbolic ideal country of prosperity and equality. This is the reason why people come to America hoping to become successful, but in matter of fact we all have an equal plan field to be successful is not entirely true. For there are social boundaries that keep use limited based upon our own status. Whether we are born of a low class or of a high class the possibility of economic mobility in a sense are predetermined by two factors of social class and success together they both affecting one’s another opportunity of success. In order to achieve success, we must know that it is made up of two main concepts and they are fortune and position. But when a person is limited by their class prohibiting them to achieve success, the point of trying is meaningless. However, there is a way to break the construct that keep groups stuck in the lower-class and is through education. Education gives more opportunities for success to the individuals and since education is very important, culture and the government should focus more directly upon this to reach economic stability. Class standing directly affects economic success in America by limiting a person’s chance of success however; one can overcome by focusing more upon education and culture.
The Economic Lives of the Poor, written by Abhijit V. Banerjee and Esther Duflo is an essay about the lives of the extremely poor. The Economic Lives of the Poor exhibits the patterns of how the poor live around the world and the troubles they confront on a daily basis. The article talks about various aspects of life of the poor, including, money, savings, assets, education, and infrastructure. The extremely poor are defined as the people of the world who make less than $1/day. To analyze this, Banerjee and Duflo conducted surveys in 13 different countries (Cote d’Ivoire, Guatemala, India, Indonesia, Mexico, Nicaragua, Pakistan, Papua New Guinea, Peru, South Africa, Tanzania, and Timor Leste). The article talks about how the poor people
The Bourgeoisie is the owner of the ‘means of production’. Therefore they have a much higher and more powerful economic position in society. Workers can only live by...
According to Marx, the 'capitalist mode of production' is a product of the 'industrial revolution' and the division of labor coming from it. By virtue of this division,...
In order to raise awareness of the staggering injustices, oppression and mass poverty that plague many Indian informal settlements (referred to as slum), Katherine Boo’s novel, Behind the Beautiful Forevers, unveils stories of typical life in a Mumbai slum. Discussing topics surrounding gender relations, environmental issues, and corruption, religion and class hierarchies as well as demonstrating India’s level of socioeconomic development. Encompassing this, the following paper will argue that Boo’s novel successfully depicts the mass social inequality within India. With cities amongst the fastest growing economies in South Eastern Asia, it is difficult to see advances in the individual well-being of the vast majority of the nation. With high
The emergence of market society is what Polanyi refers to as “the great transformation” (Polanyi, 1957). This great transformation is significant when discussing market society, as it is a transformation of all society. It brought forth change in the organization of the market system, and therefore society due to its efficiency in production, distribution and commodification of labour, land and money. Many changes took place with the emergence of market society, especially in relation to labour, or the work of people.
Theoretical by Engle’s brings to our attention that societies being divided into classes or estates, are determined by what is produced and how it is produced, and how the product is exchanged within those societies. The mode of production is changing, and we need to understand these changes. We can further enlighten ourselves on this society by seeing how commodities are being produced and also how the material needs of a society are being met. We are currently under the capitalist mode of production and it is irrational and unjust.
The market today has become so important that society takes it as completely natural. From “The Economic Problem” Heilbroner describes three main solutions, with the market being one. Furthermore into the market, Polanyis book “The great Transformation” gives insight on how much society actually allows the market to dominate. To Polanyi a market society is seen as social relations embedded in the economy instead of the economy being embedded in social relations. Examining both of these books gives a great understanding on how life was without the market and how it came to be. Taking note of Rineharts work as well on how the workplace has drastically been changed by the market is key to analyzing the transformation as a whole. As a result of the transformation, not only has human labour been altered, but another author known as Weber states that certain peoples view on the world have also be affected. This essay will establish how “the great transformation” (Polanyi) from a traditional society to one based on a market economy has vastly impacted societal workplaces, and societal beliefs around faith of idealogical conditions.
Today, more than ever, there is great debate over politics and which economic system works the best. How needs and wants should be allocated, and who should do the allocating, is one of the most highly debated topics in our current society. Be it communist dictators defending a command economy, free market conservatives defending a market economy, or European liberals defending socialism, everyone has an opinion. While all systems have flaws and merits, it must be decided which system is the best for all citizens. When looking at both the financial well being of all citizens, it is clear that market economies fall short on ensuring that the basic needs of all citizens are met. If one looks at liberty and individual freedom, it is evident that command economies tend to oppress their citizens. Therefore, socialism, which allows for basic needs to be met and personal freedoms to be upheld, is the best economic system for all of a country’s citizens.
Money is an essential part of life where every people can satisfy whatever they need and every person in America has a chance to find a job. However, some of the people in the country wanted to go on with their life freely by being a part of a welfare. Furthermore, distribution of wealth is a huge demand of every citizen. Everyone today is trying to look down for every people in the lower class, as they did not give any benefit to the country, waiting for the benefits that they will receive from the government. For instance, when most lower class people have gone through a financial crisis due to overspending, insufficient fund or pay for their work to support themselves and/or their family. The example shows that lower class people made the economy of the country unstable, however, the middle class and the higher class is at fault as well. Furthermore, even though the benefit of that the lower class received is from the middle class, the middle class as well benefits from the higher class. To sum up, every class is at fault towards giving the country’s economy a positive