Modern Day Politics Is The Growing Amount Of Wealth And...

A commonly discussed topic in modern day politics is the growing amount of wealth and income inequality. As more studies are published, it appears that there is a strong racial divide in regards to income. For example, a study found that the average African-American family would earn only 6% of the income that the average white family would (Shin). These studies continuously point towards a few key barriers that prevent ethnic minorities such as African-Americans and Latino-Americans from achieving at the same level as their white counterparts. Some of these specific barriers are a lack of access to education, and inability to purchase property as well as decreased pay in the workplace. Tocqueville appeared to notice this divide early on, commenting: â€Å"Almost insurmountable barriers had been raised between [the races] by education and law, as well as by their origin and outward characteristics, but fortune has brought them together on the same soil, where, although they are mixe d, they do not amalgamate, and each race fulfills its destiny apart† (Volume I, Book II, Ch. X). Society forced Anglo-Americans, Indians and Negros live separate lives, wherein they had their own definitions of â€Å"success† and â€Å"achievement† (here referenced by Tocqueville as the fulfillment of â€Å"destiny†). In the United States today, differing races are able to coexist however the barriers to success aforementioned have forced minorities into having different â€Å"destinies†. This appears to deviateShow MoreRelatedGlobalization758 Words   |  4 Pagesfor some input factors from the redistribution of wealth. Many economists in today’s business world agree that globalization provides benefit to individual economies around the world by making markets  more efficient, increasing competition and spreading wealth more equally around the world. However, still many others assume that the costs associated with globalization outweigh t he benefits, which has caused many problems. Growing income inequality and widening gap between richer and poorer are majorRead MoreGlobalization743 Words   |  3 Pagesfor some input factors from the redistribution of wealth. Many economists in today’s business world agree that globalization provides benefit to individual economies around the world by making markets  more efficient, increasing competition and spreading wealth more equally around the world. However, still many others assume that the costs associated with globalization outweigh the benefits, which has caused many problems. Growing income inequality and widening gap between richer and poorer are majorRead MoreIncome Inequality By Kathryn Edin1227 Words   |  5 PagesIncome Inequality Kathryn Edin’s newly published book did not shock its readers; $2 a Day revealed economic exploitation and poverty in the United States. Edin’s publication, comprised of two decades of quantitative research and analysis, declared 1.5 million household incomes financially support $2 per person, per day (Edin). America, the land of prosperity and opportunity, lost its appeal as it plunged into financial crises and economic instability: the root cause being income inequalityRead MoreHow Relevant Is the Marxist Critique of Capitalism to the Analysis of the Modern International System?2040 Words   |  9 PagesThroughout the past century, the modern international system has been characterized by dominant practices in all of its distinct sectors. 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