But there are psychological constructs at work beyond a sense of fairness and utility in economic systems. It is not just about fair compensation for labor or the greed of American corporations.
Read the following article and answer the questions:
Summarize the article.
- What is the significance of the US poverty line compared to the average of the world? (In actuality, the US poverty line is about 11 times higher than the lowest poverty line.)
- What do you believe is prosperity?
- What is income inequality?
- What do you believe is the problem with income inequality?
- According to the article, what have socialism and capitalism given the world?
- What information would challenge this assumption?
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