The issue of income inequality is becoming increasing prevalent within today’s society, currently the world’s richest 1% have more than twice as much wealth as 6.9 billion people, and nowhere on earth is this situation more problematic than America.
Within my project I investigate American society and the socio-economic practices it has adopted over the last 200 years. I used the books The Theory of The Leisure Class, The Affluent Society, and What Money Can’t Buy: The Moral Limits of Markets, as together they create a timeline of how this western society’s economic and social practices have evolved. This allowed me to unpack some of the key practices which have directly impacted the American wealth gap. Such as: Conspicuous Consumption, Mass-Production, Aggressive Advertising and Commodification
Furthermore, the practices highlighted within my chosen texts allowed me to use the theories of Karl Marx, Herbert Marcuse, and John Rawls to investigate the exploitative aspects inherent to them. I used , Marx’s The Communist Manifesto, Das Kapital and other collected works, along with Marcuse’s One-Dimensional Man as well as Rawls’ Justice as Fairness: A Restatement and A Theory of Justice to find out how these thinkers would find these practices exploitative.
Ultimately, I attempt to display how exploitation is a common a characteristic to all socio-economic practices which have impacted the American wealth gap over the last 200 years.
Tag: inequality
A Philosophical Investigation into Women’s Rights to Equal Status:
To what extent can it be argued that a historic power imbalance still exists between the sexes, despite the efforts made to extinguish this gap?
Object:
-Robert Browning’s poem, My Last Duchess-
An insight into the use of language relative to women’s power and the extent to which women remain powerless due to lexical choice, in the modern media.
Looking at the death of Sarah Everard as a modern example.
Territory:
An in-depth analysis of the change in power attributed to women in the past 200 years.
Focusing on changes in legislation and societal attitudes towards women.
Could it be argued that women now have equal power to men or has the male desire for dominance simply diverged into other areas of society?
Concept 1:
-Plato’s Republic-
A discussion of the existence of power in Plato’s Polis, and how power exists in society. Moving on to consider Plato’s understand of the role of women in society and subsequently what this means for women in terms of power and equality.
Concept 2:
-Foucault’s Power / Knowledge-
Considering Foucault’s understand of power could it be that women should be equal to men in society? Using Foucault’s Repressive Hypothesis, and Sovereign Power, to formulate an understanding of Foucault’s understanding of power equality.
Currently, across the globe, wealth distribution is an enormous issue. 40% of the world’s total wealth belongs to just 1% of the population. In America, 73.1% of the nation’s wealth belongs to just 10% of the population.
In my essay I seek to explore the conditions of political economy that guided such inequality into reality. The theory of neoliberalism, to which Margaret Thatcher subscribed, preaches the right to private property as the fundamental human right. In maintaining such a right we can work towards creating equality by offering equal opportunities to everybody to make a financial success of ourselves. Obviously, however, the theory in practice does not yield such results, resulting in the restoration of class power and vast income and wealth gaps.
My aim is to offer a criticism of neoliberalism after examining the origins of capitalism, in Adam Smith; the opposing ideals of communism, in Marx; and the wealth of data that points to the flaws of our current economic system.
Ultimately, I hope to decide for myself what the best form of political economy is in terms of minimising inequality by reading Smith’s The Wealth of Nations, Marx’s Communist Manifesto and Harvey’s A Brief History of Neoliberalism.
I resent others for having more!
Why can’t I have what I see on television!
Advertising constantly reminds me of what I don’t have.
I’m just a commodity
I cant escape advertising and my desires for money!
I’ll never get to the top of the ladder.
I want what my neighbours got!