As per author, Simon Denyer, the present economic growth in India has increased disparity between the rich and poor and left many disappointed youths with unmet expectations.
“It is very dangerous to create expectations and not meet them,” said Rajesh Srinivasan, Gallup’s regional research director for Asia and the Middle East.The findings also raise the possibility of the sort of social unrest that struck Los Angeles 20 years ago after police officers were filmed beating Rodney King, or the sort of upheavals that roiled Tunisia and Egypt last year, said Jim Clifton, Gallup’s chairman and chief executive. “All you need is a matchstick event,” he said.
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Fayyaz
Economic Justice
It is generally accepted that the human race has a social responsibility to eradicate poverty. But every economic system benefits in some way from the most impoverished element of society, or the people that are most exploited. I don’t see how this benefit is supposed to defeat the proposition that the human race has a responsibility to eradicate poverty — typically the cost of the exploitation to the exploited is much greater than the benefit of the exploitation to the exploiters.
In a capitalist society for a viable system where the economic playing field is more level and inequality is low, then money has little value as a marker of hierarchy. One cannot feel very special on account of being able to afford things when very many others can afford them as well. Greater equality would massively increase efficiency by allowing many more people to develop their talents and then to compete for the more important social roles, while the abolition of capitalism would greatly reduce efficiency in any modern economy. Thus the intellectuals have failed to present any viable system where the economic playing field is more level, because what is the value of money if everyone has (approximately) the same amount?
Mirza