Wealth inequality from "summary" of The Economic Consequences of Peace by John Maynard Keynes
In the aftermath of the Great War, a stark reality emerged - the wealth of nations was distributed in a highly unequal manner. The economic landscape was characterized by a small elite holding a disproportionate share of the wealth, while the vast majority of the population struggled to make ends meet. This glaring disparity in wealth distribution was not only unjust but also had far-reaching consequences for the stability and prosperity of society as a whole. The concentration of wealth in the hands of a few posed a threat to the very foundations of democracy. As the wealthy minority wielded significant economic power, they were able to influence political decision-making to further their own interests. This created a system where the voice of the majority was drowned out by the influence of the wealthy few, leading to a distortion of democratic processes and policies. Moreover, the unequal distribution of wealth had a detrimental impact on social cohesion. The widening gap between the rich and the poor created resentment and discontent among the population, fue...
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