neither capitalism nor socialism can solve income inequality
mostly culture n lack of education plays bigger role in cultivating inequality
Discussion
There will always be inequality because people have different talents, inclinations etc
absolutely - not everybody need to become millionaire or listed in forbes - issue is that in many places (countries/cities) where these billionaires lives/visit have next them hungry n homeless people not far away from where they think !
as compare some few cities where u find no beggars or homeless
Yeah, absolutely! Culture and lack of education driving people to make bad choices. Also, governments contributing to it by making people dependent.
capitalism and socialism are higher level constructs
income inequality is also a higher level construct
culture (can be defined in many ways btw, no one coherent definition) and education are individual level variables
idk, but something seems off here, can't pin it down exactly 😂
I was also thinking.. maybe the construct of income inequality is merely relevant with a socialist school of thought..
not sure tho
donation / philanthropy / NGOs can just some relief but cannot prevent deep divisions - this comes centuries of local culture,practice and poor / no real education is places where it happens. few who escapes to become billionaire from those places also couldn't stop that. minor inequality will exist is fine so long masses r happy - BUT deep n far mass inequality will bite back the society + billionaires back someday or the other