What are the consequences of these Inequalities? Low soci | CSE MAINS BOOSTER
What are the consequences of these Inequalities?
Low social mobility and slower poverty reduction: Extreme inequality inhibits social mobility which means that children of poor parents will stay poor. It results in inequality in opportunities due to lack of proper education, training in skills, lack of connections and assets.
Social unrest, as high inequality is likely to undermine democracy, promote corruption and cronyism. The gap between rich and poor is helping to fuel authoritarianism.
Inequality and the climate crisis are interwoven.
E.g.
Developing countries and poor communities have less capacity than their richer counterparts to adapt to climate change and severe weather events.
Also, High income inequality within countries can hinder the diffusion of new environmentally friendly technology.
Inequality can also influence the balance of power among those arguing for and against curbing
carbon emissions.
Income and wealth inequalities are often translated into political inequality and power asymmetries
among various groups (which may be defined by ethnicity, language, gender or caste etc.) potentially
leading to even more inequalities and even lead to breakdowns in institutional functions, weakening the effectiveness of policies.
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