Post
Topic
Board Economics
Re: Is it true that 80% of the world's wealth in the hands of 20%?
by
Sayeds56
on 20/04/2023, 02:12:36 UTC

How unfair is this that government to provide jobs to its people while the people in the government or at the higher authorities' positions can get free money by just printing the money. Inflation makes the rich richer while the poor poorer. This injustice cannot be stopped with the fiat monetary system.

It is true that policies of the government in many countries might be favorable for elite class in particular in developing countries but overall the objective of policies is to provide equal opportunities for every citizen without any bias. additionally current monetary system based on fiat currencies may have some limitation, it is important to note that there is no economic system that can guarantee absolute fairness & equality. It is important for all us to continue raising our voices to put pressure on governments to continue taking initiatives to address these long standing issues.