Income inequality threatens social cohesion from "summary" of The Great Unraveling by Paul R. Krugman,University Paul Krugman
The widening gap between the rich and the poor is not just an economic issue – it is a threat to the very fabric of our society. When a small elite amasses immense wealth while the majority struggle to make ends meet, social cohesion begins to unravel. The sense of shared destiny that holds a community together is fraying, as people see themselves as being left behind while others race ahead. As income inequality grows, so does the sense of injustice and resentment among those who feel they are being left behind. This breeds a feeling of distrust and animosity towards the wealthy elite, leading to a breakdown in social harmony. When people no longer believe that they have a fair shot at success, they become disillusioned with the system and with each other. Moreover, income inequality exacerbates existing social divisions, such as race and class, further deepening the rifts within society. As the gap between the haves and the have-nots widens, so too does the ...
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