It’s time to solve economic inequalities

By Lalit Garg

A global organization named Oxfam works to reduce the imbalance between poverty and wealth ratio. In his latest report on economic inequality, gave an effective factual presentation of the growing new attitudes in the name of prosperity, the abnormal economic structure and the growing gap between rich and poor. Today, the prosperity of the country and the world has been concentrated in a few people; in India, too, such an image is seen more intensely than in the world. Human values ​​and economic equality have been marginalized in the country and gaining wealth becomes the biggest goal. Why did this happen? Are the seeds of this trend in our traditions or is it the result of market pressure? Do government systems give incentives to the rich with the slogan of eradicating poverty? Where will this kind of mindset lead the nation? These few questions are important in the context of Oxfam’s report on economic inequalities, before the general budget, we must come to this report and reflect on its facts.

The shocking facts of the latest report are that despite the Corona epidemic, the wealth of the rich has been increasing rapidly across the world. Although the income of 84% of households in India has decreased due to the pandemic, the number of billionaires has increased from 102 to 142. Not only that, between March 2020 and November 30, 2021, the income of billionaires has increased by ‘about Rs 30 lakh crore and rose from Rs 23.14 lakh crore to Rs 53.16 lakh crore, while in 2020 over 46 million.

This report clearly indicates that economic inequality is spreading very rapidly all over the world. The rich get richer very quickly. Capitalism on the back of imperialism has increased wealth on the one hand and poverty has also increased on the other. This gap between rich and poor is increasing instead of decreasing, as a result of which we can see terrorism, Naxalism, communitarianism, provincialism, the results of which are violence, hatred, wickedness, greed and unethical competition in society. It can be seen in the form of cracks in the relationship. The greatest impact emerged in the form of environmental imbalance and pollution. Due to prosperity being confined to a few hands, not only the big and so-called rich, but much of the country has fallen victim to this unethical culture. The growing gap between rich and poor will not narrow until concrete action is taken by the government in this regard. To eliminate inequalities, the government must implement special policies for the poor.

Oxfam wants to publish such a report around the World Economic Forum’s annual conference and India’s general budget, that although the World Economic Forum advocates capitalists, its main objective should also be to remove the growing economic inequalities in the world. . It is also necessary to close the growing gap between rich and poor because for two years we have been going through an epidemic and it was expected that at least during the Corona period more help would be given to the poor and their income would be kept safe. But that didn’t happen. The figures show that the class that has benefited the most from the epidemic is the wealthy class. Their wealth and income increased, while the lives of the poor became more difficult. For this, governments will have to try to raise the incomes of the lower classes and collect fair taxes from the wealthy.

The only way to reduce economic inequality is for workers to receive their fair wages, farmers to receive fair prices for their products, laborers to receive their blood and sweat, and no human being to take advantage of the system and fulfill his arch more than necessary. Because of this, a rebellion will develop in society, which will lead to violent revolution. Government policies in India claim to eliminate the poor. In reality, the government only benefits the rich. In the year 2019, the central government granted an exemption of two lakh crore rupees to the capitalist class in the country by granting tax exemption. Aid was needed not for the rich, but for the poor. There were people in the unorganized sector who should have gotten help. The truth is that the real income of the population has not increased over the past five years. MGNREGA salaries, which the government itself decides, are also lower than the salaries available in the market. While on the other hand, the stock market started showing new highs. Naturally, the gap between rich and poor is widening.

The need in our country is not for a lot of capital to be accumulated in the hands of a few people; the distribution of capital should be such that it is easily accessible to hundreds of thousands of villages in the vast country. But what is the reason that the leadership of the ruling leader who worships Mahatma Gandhi has skillfully kept his guardianship principle aside. This is the reason why on the one hand there are high ceilings of the rich and on the other hand poverty creeps on the sidewalks. On the one hand, splendor gave luxury to the person and luxury aroused cruelty in the person, on the other hand the tragedy of poverty and deprivation kindled in him the fire of rebellion. He began to burn with revenge, many evils came to the house uninvited. The blind race of meaning associated the individual with collection, convenience, pleasure, luxury and selfishness.

The new economic process was further strengthened after independence in two respects. On the one hand, our nation’s goal remains economic development rather than overall human development. Second, the race to reach a higher level of consumption has begun across the country. In this process, the whole society has become economic.

Society should be life-oriented, not self-oriented. For this, governments must make both long-term and short-term plans. In short-term programs, where it is very important to support the unorganized sector, to give them money, it is also necessary to increase the budget of programs like MGNREGA, so that the money reaches the working class . A large part of our villages is still based on agriculture. To increase the income of these people, their cost must be reduced and their income must be increased. Long-term plans should be devoted to education, health, nutrition and jobs. As governments entrust these life related services to the private sector instead of keeping them in their hands, due to which these services have now become a business. In this process, keeping all social beliefs, human values, dignity and collecting money, all that is considered the standard of success, thanks to which politics, literature, art, religion have all were weighed on the balance of money. There are dangerous consequences to this trend. The economic policies and development of the country have so far aimed at adding to the prosperity of a few people. The dream of India becoming a superpower is also being realized by concentrating prosperity in the hands of a few people. Perhaps this is a so-called attempt to advance us as a weak nation instead of a superpower.

(Lalit Garg is a journalist, columnist, writer and a member of Rajbhasa samiti, Ministry of Home Affairs. The opinions expressed are the personal opinion of the author. He can be contacted to [email protected])

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