Economic inequality is on the rise from "summary" of The Death of the West by Patrick J. Buchanan
In America, the gulf between the rich and poor is widening at an alarming rate. The top one percent now possess more wealth than the bottom ninety percent combined. This disparity has deepened over the years, with the wealthiest individuals accumulating vast amounts of money while the working class struggles to make ends meet. The gap between the haves and the have-nots has reached unprecedented levels, creating a society where economic inequality is the norm rather than the exception. The rise in economic inequality can be attributed to a variety of factors, including globalization, technological advancements, and government policies that favor the wealthy. Globalization has allowed corporations to outsource jobs to countries with lower labor costs, leaving many American workers unemployed or underpaid. Meanwhile, technological advancements have automated many jobs, further reducing the demand for human labor and driving down wages. In addition, government policies such as tax cuts for the rich and deregulation of the financial sector have enabled the wealthy to amass even greater wealth at the expense of the working class. As a result of these trends, the American Dream has become increasingly elusive for millions of people. The promise of upward mobility and ...Similar Posts
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