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Economic Inequality Problem in America

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Economic Inequality Problem in America

Category: Article

Subcategory: Classic English Literature

Level: High School

Pages: 1

Words: 275

Economic Inequality Problem in America
The views by Joseph Stiglitz in his book “American Dream is a Myth” that American dream of achieving economic equality among all the people, the U.S. citizens, and providing equal opportunities for the rich and the poor alike are now no longer a dream but rather a myth is what changed my view about the world. On 23rd April 2015, I watched Joseph Stiglitz on the CBS news as he tried to explain his assertion and that too had the impact of changing my view.
His view never changed my view about the world immediately but rather after conducting a self-reflection so as to understand some sense out of what Joseph Stiglitz’s arguments was and its explanation’s validity. After a critical and logical memory search coupled with the socioeconomic class division occurrences being witnessed today in America, I came to the realization of the fact that the U.S. is indeed characterized by the severe economic disparity (inequality) problem.
In the U.S economy currently is characterized currently by unimaginably inequality in that there are those people who are extremely rich while others suffer in excess poverty. Based on this observation and the fact that the gap between the end is enlarging each day, I now fully agreed with Joseph Stiglitz’s argument that economic inequality is indeed a problem in America.
Though the problem of economic inequality is a depressing one as the event explained by Joseph St…

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