Economic Inequality and how to overcome it
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| A Brief Introduction to the Economics of Greed and Exploitation |
Some of the posts in this blog have been about economic
inequalities and its tragic consequences - such as hunger, homelessness and early mortality - that seems to be increasing in some of
the leading capitalistic societies of the world. The wealth of the world has
become concentrated in fewer and fewer hands. It has given rise to things such as the
occupy movement and a demand for a return to communism. However communism and equality created by it have not worked since some amount of economic diversity and inequality
are natural and required just as it is with the size of trees in a forest. At the same time, given the
opportunity, humans can become extremely exploitative leading to unsustainable inequalities.
The new revised version of the book – A brief Introduction to the Economics of
Greed and Exploitation – suggests simple methods to control extreme economic
inequalities in modern capitalism i.e easy and practical ways to put a cap on greed.. The suggestions can be easily implemented
given the political will. They contain the rule of ten (see here) and the rule of ninety, extremely simple ways to control high compensations of top executives and low wages of others, as well as extreme exploitative profits by some corporations,
that have been discussed in this blog earlier (use the search tool in the left sidebar to reach them) as well as other suggestions on
how to rationalize taxes and control inflation that hurts the deprived most.
The book can be found at all major online retailers, for example at:
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