Student ,

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How can we close the gap between the rich and the poor? Why is economic democratization happening?

The bridge between the rich and the poor has been widening since tht 1997 IMF situation in KOrea. What are some solutions for this serious phenomenon?

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    May 18 2013: Is it specifically the gap that you are focused on, or is the actual quality of life for the poor what you are focused on? For example, if poverty, hunger, and curable/preventable disease could be eradicated in Korea but there remained a gap in wealth between the less and most affluent, would this count as addressing the problem that matters to you?
  • May 18 2013: We can close the gap between the rich and poor by making sure all people are paid currency in accordance with the true value of their output of goods and services. Contemplate what a wonderful world we would be now living in if people like Mozart, Van Gogh, and creators whose names we will never know were paid directly for the value of their creative output while they lived. Let's not repeat the mistakes of our ancestors. Our generation has the opportunity to let go of the nonsense of the past and co-create a positive world for all earthlings. May as well enjoy our experience of living. Life feels better being in the presence of happy people. The disproportionately richer people will feel safer and happier, when they do not have to worry about the disproportionately poorer people robbing them of their wealth (because they have enough of their own.) In doing this we may end paranoia on earth and other undesireable features of life currently limiting the happiness and health of our sisterbrother earthlings.
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    May 18 2013: As long as monetary value and political power are based on capitalistic economics that require exploitation to create the fiction known as profit, there will always be a disparity, or gap, between the exploited and the exploiting. The beauty of capitalistic systems is that the allow all economic strata to engage in exploitive behavior that may satisfy people at some level.

    Although most socialist and communist regimes that have existed thus far have exploited workers as much, if not more than, capitalist regimes, it seems that the answer to the wealth gap lies in the proper distribution of all resources involved in society. Currently, most industrial nations are rushing to compete with America to become mass consumer nations (regardless of their political situation) due to the globalization of trade. This trend necessarily means that those nations are rushing to increase their wealth gaps to American corporate standards of the rich making 200 to 300 times the money that poor people do while the nation produces a glut of waste for the sake of chasing "perpetual market growth." Democracy is not an answer to this problem, especially in a society where money can buy political power, as it does in America.

    When industrialized societies and individual businesses decide to adhere to laws and rules that restrict capitalization (exploitation) to the point the the highest paid individuals can not benefit more than 12 times (preferably much less) than the lowest paid employee we will begin to be on the right track. There are currently businesses that use such models, through a cooperative business model. Using real values that take into account the global limitation of resources and deny the fantasy of perpetual growth will bring us even closer to reducing inequity in our economic systems.
  • May 18 2013: the economy is not set in stone its a work in progress just like are country
    support and improve are demorcay or dont this is a choice anyone with rights and freedom can make .
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    May 18 2013: I would say follow the lead of North Korea things are very equal there.

    On the other hand you look at the quality of life and freedom given to individuals. South Korea is shining example of what they are doing right. If it ain't broke don't fix it or if it is getting better figure out what is causing that and reinforce it. Hint equality is irrelevant.
    • May 18 2013: Pat,
      You are exactly right, For example, there are many more N. Koreans trying to sneak into China than the other way around, even though both countries are led by communist government. This would be the same if the N. and S. Koreans are allowed to travel freely thru the DMZ. The distinction between the economic policies of N. Korea and China is the so-called equalization of income levels that it is allowed to have free enterprises in China, while there have no free enterprises, at least any mid-cap businesses or industries, are allowed to exist in N. Korea. The net effect is the the "EQUALIZATION" PULLS DOWN THE INCOME OF EVERYBODY THERE EXCEPT THE RULERS FROM THE KIM FAMILY.
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        May 18 2013: Yes Kim Jong-il would be proud, I'm sure he is smiling up at his son
  • May 18 2013: Education does help I believe:)
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    May 18 2013: When rich will leave their greed to hoard and will start believing in sharing.
  • May 18 2013: It's getting worse. Why would that change unfortunately/