Equality and Inequality.
While Equality is highly desirable and laudable objective to be aimed at, Inequality unfortunately seems to be the end result in the distribution of wealth as per the experience of many countries. Creation and distribution of wealth is a function of administration but how far the wealth created is distributed equitably seems to be the function of politics and political set up. The enlightened politicians and the enlightened public if come together equality of wealth can be a reasonable expectation but in practice Politicians, Administrators and the Public are seldom together to achieve the intended results of equality. It is time to have an in-depth analysis of different countries where wealth creation and equality of distribution of wealth created are somewhat reasonable and how they have been achieved. The problems with emerging economies are different as their inbuilt enemies by and large are poverty, inflation, illiteracy, and unimaginable corruption of all kinds. There are no level playing fields to have sound policies and their implementation. There are political, economic, social and technological corruptions which play havoc in the very build up of the economy. Challenges are very many and these need to be well factored into while assessing and evaluating the equality in the creation of Wealth and its Distribution. Very sound and Equitable Economic policies supported by strong governance plugging all loopholes to evade laws of the country can perhaps be workable solution to minimise the negative impact of inequality in the society and bring in albeit at a slow pace the positive changes in lessening the inequality. Political Leaders and Administrators need to be role models to the public to emulate their actions and enhance the quality of life enjoying the wealth of the nation intended for the welfare of all. Corruption and black money if minimised can work wonders in the economy benefiting all segments of the population irrespective of caste, religion, politics and accumulation of wealth by hook or crook by some.
Dr TVG Krishnan
2 comments:
Well explained. Inequality exists even in the developed economies. Unfortunately we have not drawn lessons while providing level playing field and the biggest contribution is from the parliamentary and legislative bonanzas for five years in the name of constituency development without accountability and evaluation.
Well said. My limited experience from My visits to advanced countries is that the concept of inflation though prevalent does not generally affect the people as such as they have ensured a minimum standard of life by providing employment shelter and food. Base level education is mostly guaranteed . Where as, in emerging economies nothing is assured and life itself is a gamble. No minimum standards for the poor. Freebies by political parties have become a norm rather than an exception. Inequality is designed and maintained.
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