Topic > Unequal Distribution of Wealth - 787

First of all, Adam Smith was very aware of how wealth was unequally distributed among the poor compared to the rich, and how and if this distribution continued it would leave the poor in a position at a disadvantage, in the sense that they will never have the chance to move forward and will always be at the mercy of those who possessed more wealth. Mr. Smith saw economics in the opposite way to the mercantilist. Compared to ancient times, views of economics and mercantilism based wealth on the amount of gold and silver supplied by the nation and how importing goods from other countries would negatively affect a country's wealth. it was remarkably one-sided, benefiting only the seller and not the buyer, and it was believed that countries could only get rich by making other nations or countries poorer. However, Smiths' views were mixed: believing that a nation's wealth was centered on production and trade and not gold and silver, his belief also viewed trade as positive, as it could only increase productivity and both sides would have benefited. the exchange of both the seller and the buyer. (Smith, 1776) The main reason why Mr. Smith attacked this problem of “unequal distribution” was to draw attention to the ever-growing problem and try to convince others to see the problem for what it was, and also try to slow it down before the matter got out of control. Mr. Smith could foresee that the world of his time had not changed much from the previous period in this respect; the only difference from one era to another is that the issues were better hidden and are less transparent and these are the issues exposed by Smith. The truth and facts about “unequal distribution” may cause society… middle of paper… to have many weaknesses, and for this ideology to succeed in the 21st century it should be revised and modified. overcome myopia and adapt to today's economy. Smith's idea of ​​capitalism was never intended as a way to profit at the expense of the less fortunate and to keep the lower half of society oppressed and dominated by the upper class. If there was any chance that Adam Smith's ideology could work in the 21st century, all classes should be able to advance at the same pace. Is it possible? Not sure. But when this idea was lost, the more selfish attributes of our being began our true efforts at survival. The reality of all this is that having more desires than necessary will continue to cause some sort of class divide, and consuming more than necessary will affect our ability to have anything in the near future...