Will the Rich keep getting Richer and the Poor getting Poorer?
WILL THE RICH KEEP GETTING RICHER, WHILE THE POOR GET POORER?
Is this the very nature of the human society we've built? Has this always been the case? Is this likely to change? How do we cope with this?
In a world where the five richest men have more than doubled their fortunes between 2020 and 2024 while the poor die in their millions, we need to ask ourselves How?
We look into concepts like the Matthew Effect, Conflict Theory, Preferential Attachment and Pareto Principle to explore the reasons.
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References:
Percy Shelly, “A Defense of Poetry” [1821], in Essays, Letters from Abroad, Translation and Fragments (London: Edward Moxon, 1840), 42–43.
https://www.oxfam.org/en/press-releas... Oxfam article on 2024 stats)
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