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Question: Summarize (a minimum of 400 words) Goren Therborn's main points on the effects of economic inequality (social sundering, economic squandering, and political distortion and dictat-ship). (Ch. 2- Life Under Poverty & Exclusion).
All Responses to original Discussion must reflect a balance between quotations and /or paraphrasing with proper in-text citations (Author, p. #) and your own voice and thoughts on materials covered. You must support your arguments and claims by using scholarly sources, utilizing sociological concepts and insights you are learning
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Goren Therborn's clarifies economic inequality as an obnoxious factor hindering the financial integrity of a nation. It keeps millions of people unemployed and the high earners bestowed with high taxes. So, the ultimate consequence of economic inequality is the unhappiness among people and the increasing rank of a country on poverty. The problem is common across the US and African nations as the countries are still lagging behind the 30 OECD countries due to economic imbalances. The study summarises the effect of economic imbalances in the areas of social slandering, political distortion, dictatorship, and economic squandering. So, a complete distortion covering violations and human rights and violence in the nation is triggered by economic inequality.
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