Resolving the Economic Inequality

21/01/2022

A global organization named Oxfam is working to reduce the imbalance between poverty & rich ratio. In its latest economic inequality report, has given a factually effective presentation of new attitudes growing in the name of prosperity, anomalous economic structure and the growing gap between rich and poor. Today the prosperity of the country and the world has been concentrated on a few people; in India too such a picture is being seen more intensely than in the world. Human values and economic equality have been marginalized in the country and earning wealth is becoming the biggest goal. Why did this happen? Has the seeds of this trend been in our traditions or is it the result of market pressure? Are the government systems giving incentives to the rich by giving the slogan of eradicating poverty? Where will this kind of mind-set take the nation? These few questions are important in the context of Oxfam's economic inequality report, before the general budget, it is necessary to come to this report and brainstorm on its facts.
The shocking facts of the latest report are that despite the Corona epidemic, the wealth of rich people has increased rapidly across the world. Although the income of 84 percent of the households in India has decreased due to the pandemic, the number of billionaires has increased from 102 to 142. Not only this, between March 2020 and November 30, 2021, the income of billionaires has increased by about Rs 30 lakh crore and has increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore, while in 2020 more than 46 million. This report clearly states that economic inequality is spreading very fast all over the world. The rich are getting richer very fast. Capitalism riding on the back of imperialism has increased the wealth on one hand and poverty has also increased on the other hand. This gap of rich and poverty is increasing instead of decreasing, as a result of which we can see terrorism, naxalism, communalism, provincialism, whose results are violence, hatred, malice, greed and unethical competition in the society It can be seen in the form of cracks in the relationship. The biggest impact has emerged in the form of environmental imbalance and pollution. Due to the prosperity confined in a few hands, not only the big and so-called rich people, but a large section of the country has become a victim of this unethical culture. The growing gap between the rich and the poor will not reduce until concrete steps are taken by the government in this regard. To remove inequality, the government has to implement special policies for the poor. The only way to reduce economic inequality is that the workers should get their fair wages, the cultivators should get the fair price for their produce, the laborers should get their blood and sweat, and no human being should take advantage of the system and fill his vault more than necessary. The need in our country is not that a lot of capital should be accumulated in the hands of a few people; the distribution of capital should be such that it is easily available to lakhs of villages of the vast country. Society has to be made life-oriented, not self oriented. For this governments have to make plans for both the long term and short term.

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