Friday, September 24, 2010

The Rich can stay rich, as for the poor.....

More often than not, during the period of a given society's transition to a more industrialized state there is an uneven distribution of finances. Simple put only a small portion of the total population "benefits" in every essence of the word. Immediately, I can recall the Industrial Revolution in the 19th century. In History through the Eyes of Faith, Ronald Wells describe the conditions as " most brutal" and also noted the "many leading Christians reacted in horror to the appalling conditions of life and labor, and they demanded political action on behalf of the poor." Despite these effects that this period may have had on its laborers, from it we gained the liberal views of society we have come to know today. Moreover, the classic ladder of wealth distribution trickling from the business men, so to speak, down to the common workers and farmers in rural areas. Jeffrey Sachs seems so optimistic that with the inclining number of people large checkbooks the world itself will become more richer. Yet, I am not especially convinced with his theory as he further notes that the population of the world is steadily increasing thanks to the help of the poor. I will admit my ignorance to the state of the economy in many countries around the world. However, I will try to apply his theory to my country, The Bahamas. While we are a developing country, due to the costs of modernization and maintenance of buildings, roads, and other civil necessities, we are currently facing one of the greatest unemployment epidemics that our history can ever report. In the midst of all of this, there remains a great portion of my population who are unaffected, the rich. The working class and under are those who are seriously hurt by these changes. And once again, the majority of the population will come from the class of common laborers and those who have minimum wage jobs. Although there has been an increase in the income of some people, the majority of the population cannot bask in such blessings and they are the population of the Bahamas so to speak. I will agree with Sachs however, that this all comes as a result of the Age of Convergence, as we are trying to become as advanced as our neighboring countries, much to the financial disadvantage of the middle class and the poor man.
So sadly, the rich can stay rich (in the Bahamas at least), withdrawing their donations as they have recently, threatening the continuation of the Salvation Army, Humane Society and several children homes in my country, while the poor.... I believe you can finish the rest.

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