Social inequality persisted despite overall prosperity from "summary" of The affluent society by J.K. Galbraith
Although the postwar period has seen unprecedented economic growth and prosperity, it is important to acknowledge that this newfound wealth has not been distributed equally among all members of society. The concept of social inequality has persisted despite the overall affluence that has been experienced by many. One might assume that with a rising tide of prosperity, all boats would be lifted, and that the benefits of economic growth would be shared by all. However, this has not been the case. In fact, the gap between the rich and the poor has continued to widen, with those at the top of the income distribution seeing their wealth grow exponentially while those at the bottom struggle to make ends meet. One of the reasons for this persistence of social inequality in the face of overal...
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