Question

How has the timing of the transition to a free-market economy been used to partially explain the great difference in inequality and poverty between the united states and other advanced democracies?

Answer 1

Inequality of wealth is a pressing issue right now, both in the US and abroad.

Political scientists should participate in the discussion about wealth inequality, which is a hot topic right now. There is scant proof that democracy and wealth disparity are always related. Although democracy offers numerous benefits, nations do not always move toward greater economic equality as a result.

This isn't because public policy doesn't matter; rather, it's because democracies don't always enact measures that equalize wealth. It is less likely that societies where there are cleavages other than money will embrace wealth-equalizing policies. The impact of democratic politics on wealth is also substantially influenced by voters' perceptions of justice.

Because wealth is not only unequal but also due to this position arose for what voters believe to be unfair causes, voters are most inclined to back redistribution or programs that promote equal chances. Finally, it's also conceivable that wealthy individuals could seize control of democratic politics. Examining when, why, and why this problem of capturing is much more acute in practice is an essential area for future research.

Learn more about inequality here:

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