The week of January 14-20, 2017 is being utilized as a week of action to FIGHT INEQUALITY. Initiated by the Fight Inequality Alliance, its aimed at drawing attention and focus on inequality within the global economic realm and especially highlighting the far reaching effect of poverty and general impoverishment. This is purposely to coincide with the World Economic Forum occurring within the same period in Davos, Switzerland.
The reason for this global call to action is expressed below, as per the website – http://www.fightinequality.org:
Inequality has reached extreme and dangerous levels, and has put too much power into the hands of millionaires and powerful corporations. What’s worse, a growing number of hate-filled leaders are gaining power by pretending to stand up for the poorest. But they are not champions for ordinary people and have no intention of ending corporate greed, tax dodging, privatisation of services, and exploitation of workers, women and minorities. In fact, they are stirring division and discrimination that threatens to take us back to the horrors of the past.We know it’s possible to have a society where everyone matters, and nobody is rich or powerful enough to be immune from the rules. But powerful elites and corporations won’t change a system that works for them without pressure.
Evidence to this is given for example by OXFAMAmerica which highlights that just 8 men have as much wealth as the poorest half of the world’s population. Source:www.oxfamamerica.org/just8.
Image source: Sustainable Human
Consequently this leads to disparities in income (micro) and the disproportionate economies of scale (macro) which manifest into all types of inequalities and inequalities at all levels, namely social and spatial inequalities. The capitalist mindset stemming from modern day commerce and industry have through the centuries, post -Industrial Revolution era, contributed to the accumulation and amassing of familial wealth. The wealth have been so concentrated within these hands that it is a vain attempt at extricating same except through philanthropy and endowments.
The promise of wealth accumulation by those outside of these circles have had flickering success through the signing of social entrepreneurial spirits. New inventions and the technological age have opened new frontiers for innovation and thus creating new opportunities for virtual richest.
North-South debate (examining inequality on a geographic scale)
To dial back to an earlier point in the discussion though, the laissez-faire /captalist model is referenced as having contributed to the highly extractive approaches that have left many countries in the developing world reeling with the after-effects. The growth and development of many countries in the ‘North’ at the expense of countries in the ‘South’ is debated in many lecture theatres, college hallways and in social media. The main take home is that the wealth in the hands of the few have been also at the expense of so many with far-reaching geographic impact.
So in the inequality dialogue one must examine what the global recessions – in quick succession, harsh economic climates and banking crises and such have unearthed- serious and indepth analyses at the individual all the way through household and country levels. From a theoretical perspective it is not surprising that many of the economic paradigms of the last decades have been reviewed and are now being examined. Many of the problems of this world involving inequality for example cannot be resolved by economic means. This is as many researchers and policy analysts have determined that the economic approach have contributed to and have been the cause of much inequality. As we navigate a paradigm shift social engineers only seek to determine whether or not there are key salvageable and meritorious elements of economic models that can be utilized to assist with a re-engineering of our thinking. Inequality after all is a quantitative measure, in so much as it is able to be, used to explain the qualitative construct of the problem.