Understanding Societal Wealth and Inequality Thesis Statement on What Can Help Society (Hybrid of Capitalism and Communism)

Topics: Communism, Capitalism, Social class Pages: 9 (3659 words) Published: July 16, 2013
AYOMIPO MADEIN
A00014571
WRI 102
FINAL PAPER
UNDERSTANDING SOCIETAL WEALTH AND INEQUALITY
THESIS STATEMENT ON WHAT CAN HELP SOCIETY
(HYBRID OF CAPITALISM AND COMMUNISM)

WHAT IS WEALTH
On a general basis, wealth is an accumulation of physical entities which hold great importance to us. These entities are objects such as money, land, jewelries, gold, precious stones and so much more. It is also a means were by people grade themselves or attain superiority over others. Wealth comes with power, prestige, honor, and integrity. Wealth is a very important tool in a society and that is the very means of survival in today’s world. In Charles Darwin’s evolutionary theory, he speaks of “survival of the fittest”. In today’s modern world when fittest is mentioned it actually means wisest, more intelligent or brilliant or clever. Even the strongest in a society cannot attain power without wealth. What an irony but that is the situation of the world and now people are misusing this privilege. The unreasonable use of this opportunity is what is causing inequality in a society. According to the founder or father of economics, Adam smith, he explains that the wealth of a nation is not based on land or other forms of property but on the labor gotten from the nation. What he tries to explain from this is that the amount of working power in a society gives rise to the power in terms of wealth of the nation. Even if a society has abundance in land, both fertile and unfertile, the society is useless without the working force of the society (Smith). Every human being in a society is entitled to the wealth provided by the society because when people are created they didn’t place a part of the society to them naturally. The moment people start claiming the wealth of the nation; many people will be left out. This is called private wealth which causes inequality amongst people in a community. Even if private wealth was a good thing, greed which is part of human nature makes it very bad in a society. One man wants to accumulate everything for himself and his family members and this wealth is passed down from one generation to the next. Others in the society have no way of accessing that wealth which belongs to all of them. In Jean Jacque Rousseau’s book Discourse on the origin of inequality published by Marc Michael Rey in1755, Holland, he talks about types of inequality. The types of inequality are natural or physical inequality and moral or political or ethical inequality. The natural inequality he explains that yes every one wasn’t born with the same physical structure. Some might be born strong or weak, tall or short and so on and so forth but that doesn’t mean that inequality should exist. Everyone is born with one skill or the other which enables one to survive in the society and it’s those skills that enable the society to develop very fast and well. The type of inequality that he focuses on is the moral inequality which is caused by people’s ideas which are brought forward and authorized because it favors them. This inequality is a detriment to the development of a society. People come up with the idea of private wealth and the moment everyone starts seeing things in their eyes they begin to accept it as a way of life which is not so (Rousseau). From this idea of private wealth, people who have, start taking advantage of it. They keep on accumulating more wealth from there they gain power, prestige, importance in the society and they begin to oppress others with it. Issue of superiority and inferiority start surfacing and stratification occurs. The less privileged ones become slaves to the rich people and that is how slavery starts which is a form of stratification in a society. People fall into this category because of survival. The thought of slavery is inhuman, why should somebody be a slave to another person because of material possessions? It’s not right. Slavery was initially based on debt or the violation of a more or...

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