Capitalism's effects are unequal from "summary" of The Haves and the Have-Nots by Branko Milanovic
Capitalism, with its relentless pursuit of profit and accumulation of wealth, has undeniably led to unequal outcomes for individuals and nations alike. The distribution of income and wealth under capitalism is inherently skewed towards those with access to capital and resources, leaving many others behind in a perpetual struggle for economic security. The wealthy elite, or "the haves," continue to amass wealth at a staggering pace while the rest of society, "the have-nots," struggle to make ends meet. The effects of capitalism's unequal nature are evident on a global scale, with some regions of the world experiencing unprecedented wealth and prosperity while others are mired in poverty and deprivation. This stark division between the haves and the have-nots is not simply a matter of individual effort or merit, but rather a systemic result of capitalist structures that favor the accumulation of wealth among a select few. Within countries, capitalism exacerbates existing inequalities by rewarding those who already possess wealth and power, while marginalizing those who are unable to compete in the cutthroat world of market competition. This creates a cycle of inequality...
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