"Democracies do not appear to be very successful in reducing economic inequalities". Justify the statement.
Answer:
Answer to be written in Exam:
-lock-
Democracy is not successful in reducing economic inequalities because:
- Economic inequality is growing in democratic countries.
- Wealth and incomes are disproportionately shared between a small number of ultra-rich individuals.
- The share of their income in the total national income keeps increasing.
- Poor people's income has declined and sometimes they struggle to meet their basic needs in life.
- Nevertheless, democratization slowly reduces poverty and hunger.
-endlock-