The Inequality Of A Capitalist Society Essay - 2434 Words

There are many inequalities prevalent in the US, and as a capitalist society, one of the most common is economic inequality. The Equality Trust defines economic inequality, as the gap between the well off and less well of in regards to overall economic distribution (â€Å"How Is†). See, our capitalist society strongly benefits those with a capitalist mentality and can afford the means to invest/own capital. Over the years there has been an increasing wealth gap between the top one percent earners and the general population. So why are the rich flourishing while the poor are struggling in this capitalist environment? The policy decisions of our country allow this inequality to permeate throughout our industries, thus creating a culture of power and greed. One result of this culture is the explosion of high salaries in the US and Emmanuel Saez explains this trend in Striking it Richer. Saez affirms, â€Å"Indeed, estimates based purely on wages and salaries show that the share of total wage and salaries earned by the top 1 percent wage income earners has jumped from 5.1 percent in 1970 to 12.0 percent in 2006† (Grusky 89). Too bad that the 99 percent of America missed out on this massive economic growth spurt. When economic growth is not evenly distributed among the general population, people tend to question our entire system. This has been an increasingly controversial issue, where corporate America is responsible for the constant exploitation of low-level employees. Through myShow MoreRelatedâ€Å"Social Inequality Is a Necessary Evil of Capitalist Society†. Please Comment .2284 Words   |  10 Pagesâ€Å"Social inequality is a necessary evil of capitalist society†. Please comment with the reference of the sociology perspectives being discussed in the lecture and textbook. In the 21th century, the existence of social inequality has already raised to the surface, which give rise to a torrent of furor. Many people sees social inequality as an individual problem, people experience inequality because of their ability or laziness. However, this is somehow not the real case. Indeed, social inequality canRead MoreSocial inequality is a necessary evil of capitalist society‚Äà ¹. Please comment with the reference of the sociology perspectives being discussed in the lecture and textbook.2012 Words   |  9 Pagesï » ¿2. Social inequality is a necessary evil of capitalist society†. Please comment with the reference of the sociology perspectives being discussed in the lecture and textbook. Social inequality exists in every society, no matter it is capitalist society or communist society. Yet, referring from three of the sociology perspectives, it proves that social inequality is a necessary evil of capitalist society. 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