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Listening to a radio program relevant to some of our class readings and discussions and providing a corresponding write-up of the program - Essay Example

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The introductory part of the program conveys that many of the families are formed by parents of the same status in matters of wealth and…
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Listening to a radio program relevant to some of our class readings and discussions and providing a corresponding write-up of the program
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Listening to a radio program relevant to some of our class readings and discussions and providing a corresponding write-up of the program

Download file to see previous pages... The more education one has, the more money he/she is likely to earn. Families comprising of two uneducated couples are likely to suffer poverty and at the end bring up poor children who have less opportunities for education and work (Carbone 22).
Women in America have been provided with the opportunity to pursue careers outside the home. Educated women in this perspective earn a better pay. While this actually reduces the difference, changes incurred in men’s earning depending on their education are the major causes of the rising income inequality.
There is the issue of moral decline. In this case, women have abandoned their culture which directs them to their responsibilities as house wives. In the contemporary society, both men and women are competing for various opportunities. In some cases, women are found to secure higher opportunities than their male spouses. This develops a feeling of independence within the woman and thus leading to the family breakup.
This program analyses the grand dynamics that lead to the accumulation and the distribution of capital among families within the U.S. Inequality and the concentration of wealth as well as the prospects for economic growth are key values that lie in the hearts of the political economy. According to Piketty, the modern growth in economy and the diffusion of knowledge has diminished inequalities. However, extreme inequalities are feared to arise as a result of the tendency of returns on capital to exceed the economic growth rate in the contemporary society (Piketty 25).
The most striking issue on this regards the remarkable break witnessed in the years between 1914 and 1945. Considering this period, there developed an impression that capitalism was becoming more democratic. The inherited wealth was no longer the matter behind an individual’s ability and position in the hierarchy of social-economic.
Other provoking point discuses such circumstances like the two world wars, the debt fueled ...Download file to see next pagesRead More
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