Economic inequality is a threat to democracy from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
Economic inequality is not just about how much money people have in their bank accounts; it is also about power. In a society where wealth is concentrated in the hands of a few, those few individuals can use their economic power to influence political decisions in their favor. This can lead to policies that benefit the wealthy at the expense of the majority of the population.
When wealth is concentrated in the hands of a small elite, it can lead to a breakdown of social cohesion. People who feel that they have been left behind by the economic system are more likely to become disillusioned with the political process. This can create a fertile ground for extremist ideologies to take hold, as people look for alternative solutions to their economic woes.
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