CAPITALISM AND DEMOCRACY: AFFLUENCE, INEQUALITY, AND THE ENVIRONMENT - Capitalism, inequality and democracy
3 important questions on CAPITALISM AND DEMOCRACY: AFFLUENCE, INEQUALITY, AND THE ENVIRONMENT - Capitalism, inequality and democracy
How does capitalism influence inequality?
It only rewards innovators with wealth, this is easier for people in technological countries to do this resulting in inequality
How does democracy effect inequality in Japan and South Korea?
Governments play an important role in setting the direction of their economies, but the amount collected in taxes and paid by the government to the less well off to reduce inequality is relatively low. The inequality of market incomes is relatively low in these countries.
How does democracy effect inequality in Denmark and Sweden?
Payment of taxes (and benefits received from the government) reduce the inequality in how much money people have to spend by half.
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