Overview
Economic inequality and political power are deeply interconnected. Economic inequality can lead to a concentration of political power among the wealthy, which can result in policies that favor their interests. This creates a cycle where the rich get richer, and the poor struggle to improve their cir...
Key Terms
Example: In many countries, the top 1% holds a significant portion of the wealth.
Example: Lobbyists often exert political power to shape legislation.
Example: Access to education can enhance social mobility.
Example: Higher earners pay a larger percentage of their income in taxes.
Example: Some countries are experimenting with universal basic income to reduce poverty.
Example: The wealth gap has widened significantly in recent decades.
Related Topics
Wealth Distribution
Study of how wealth is shared among individuals and groups in society.
intermediatePolitical Economy
Exploration of the relationship between politics and economics.
advancedSocial Justice
Focus on the fair distribution of wealth, opportunities, and privileges within a society.
intermediateKey Concepts
Wealth DistributionPolitical InfluenceSocial MobilityPolicy Impact