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  • Essay / Unequal Distribution of Wealth - 787

    Above all, Adam Smith was very aware of how wealth was unequally distributed between the poor and the rich, and how and if this distribution continued, it would leave the poor in a disadvantageous situation, in the sense that they will never have the opportunity to advance and will always be at the mercy of those who had more wealth. Mr. Smith viewed economics as the opposite of the mercantilist. Compared to ancient times, economic and mercantilist views based wealth on the amount of gold and silver supplied by the nation and how the importation of goods from other countries would negatively affect the wealth of a country, because the reality was that trade was particularly one-sided, it only benefited the seller and not the buyer, and it was believed that countries could only become rich by impoverishing other nations or countries. However, Mr Smiths' views were contrasting, believing that a nation's wealth was centered on production and trade and not gold and silver. His belief also saw trade as a positive because it could only increase productivity and both parties would benefit. the exchange the seller as well as the buyer. (Smith, 1776) The main reason Mr. Smith attacked this issue of "unequal distribution" was to draw attention to the ever growing problem and to try to get others to see the problem for what it is. it was, and also trying to slow it down before the problem got out of control. Mr. Smith could foresee that the world of his time had not changed much from the preceding period in this respect; the only difference from one era to another is that the problems were better concealed and less transparent and these are the problems that were exposed by Smith. The truth and facts about "Unequal Distribution" can cause a society...... middle of paper ...... with many weaknesses, and for this ideology to succeed in the 21st century, it would need to be revised and overcome myopia and adapt to today's economy. Smith's idea of ​​capitalism was never designed to allow people to profit at the expense of those less fortunate and to keep the bottom half of society oppressed and dominated by the upper class. If there was a remote chance that Adam Smith's ideology could work in the 21st century, all classes should be able to progress at the same rate. Is this possible? Not sure. But when that idea was lost, the most selfish attributes of our being were when our real efforts to survive began. The reality is that having more wants than we need will continue to drive a sort of class divide, and consuming more than we need threatens our ability to have anything for the foreseeable future...