When poverty is persistent, degrading, miserable, life-shortening, life-threatening, and life denying, it is an affront to human dignity. According to the orthodox Marxist thinking, wars are caused by class struggles, including conflicts within societies as well as those between the upper classes of different societies for control over other countries. But one does not need to be a Marxist to know that poverty can cause dissatisfaction,
Being poverty-stricken and ripped off of any chance of a comfortable life with adequate education, healthcare and so on, poor people have suffered more than enough to be burdened with a derogatory label of ‘leeches’- meaning those who sponge on and exploit others. In my opinion, in stark contrast to ‘leeches’, poor people are not only those who deserve most support and care from society, but also share a part in the interdependent web of economy with rich people and contribute to their thrive. Of course, this idea would be made fun of by cynics. Have I not had any faintest remnants of sanity left to realize that poor people are sandbagging the economy and have become an extra burden for rich people, who, following their overwhelming altruism, have kind-heartedly extended a helping hand and financially support these wrecked beings? Charitable groups formed by wealthy people are growing like mushrooms to help the ‘less fortunate’.
And inequality is discriminating a person in all spheres of life which gives a rise to sense of deprivation. Again the responsibility shifts to the government, if a government is economically instable then it is hard for it to make and implement policies which will benefit the people. By far the biggest factor responsible for poverty after government’s policy is the problem of unemployment. Unemployment further worsens the living style of the people and they become economically deprived due to which they are unable to cope with the advancing living standards. Access to quality education also causes poverty because without education any person in the world cannot gain access to a good job and that a person has to work on low
The American dream is no longer about being a part of the rich. He redefines it as the opportunity to work for an honest and secure way of living. Challenging King’s argument is Karen Olsson March in the article, “Up Against Wal Mart”, where she illustrates how the average citizens who work in big corporations struggle to make a living due to the bad working conditions that those big corporations have. Olsson’s argument about the practices of megacorporations illustrates the weaknesses in King’s argument that states the American dream has changed but it is still possible. In particular Olsson’s analysis of low wages, inequality of wealth, and the inability to save for retirement reveal shortcomings in King’s essay.
For example, workers from this fast industry also suffer with this rapid consumption. As it was referred, factories to reduce their costs started to manufacture in cheaper countries where the workers are paid an inequitable amount. (A\J – Canada's Environmental Voice, 2016) The Rana plaza collapse was a wakeup call for the world. This happened in 2013, in Bangladesh, Rana plaza was a factory where famous brands, such H&M were situated. The collapse was due to the poor conditions of the factory.
Mültezim earned the right of taxation with an auction. Iltizam system had bad impact on peasants because mültezim had to make pressure on peasants. Because of pressure, this system did not work much long time. Also industrial revolution and nationality in the world reconstructed the world economy. These elements lead to decline economy of Ottoman Empire.
Poverty in LDCs can be associated with the existence of little or no profit generating ventures, most especially in the rural areas, no or little financial support, overpopula-tion and poor infrastructure which lead to low productivity and persistent poverty in LDCs. Augsburg et al. (2012) argue that problems associated with entrepreneurship and economic growth are credit rationings, which eventually result into a greater level of poverty among the affected people. Tang (1995, pg. 846) argues similarly, that the main economic problem confronting developing countries is “financial intermediation”.
The primary impact is that corruption aggravates capital shortages by granting less money for developmental purposes (Nwankwo, 2013). In Africa, many countries already face capital shortage problems and is merely worsened by corruption. Corruption is known to divert resources and money intended for development into private pockets rather than into societal and economical development (Ali, 2013). Often, this money stolen through corruption was never intended to stimulate the economy, but rather intended for educational development. These misallocated funds deny the youth an opportunity of a fair education and therefore future generations would face the crisis of a poor economy due to a lack of skilled workers.
We are the creator of this social evil and now it is our responsibility to put all the efforts in it in order to overcome this problem. “Poverty is not natural, it is manmade” (Nelson Mandela) Poverty is the outcome of injustice, it is the outcome of what we had in excess and didn’t share with the needy ones. It has become one of the most dreadful issues nowadays. 1 in 9 people remain hungry on daily basis. The main reason for this is the wide gap between rich and poor community.
Most often, they are bound to accept loans sanctioned by their ruthless masters to survive and to address sociological needs. The schema is such that the loans are almost impossible to be paid back and since this faction of the society is mostly illiterate so the only option left behind with them is to accept the loan and get entrapped into the net of debt for the rest of their lives. The most tragic fact here is that in such caste system the debt taken by grandfather is what the grandchild inherits on account of social hierarchy; a never ending cycle benefitting the landlords and exploiting the poor generation after