Why social classes retain their wealth

Why is it that the rich get richer and the poor stay poor?

   The social classes retain their status because of the distribution of wealth within a country. Today, countries like the USA or the Philippines, follow the capitalist economic system, which means that select individuals hold on to a specific portion of wealth use it to gain more profit. Capitalism can take the form of mega companies and rich elitists. Often, financially powerful corporations can influence and serve their potential customers, but are unwilling to do so for people who cannot afford their goods or services. As a result, the poorer classes cannot do anything to grow their finances as they live in a system where the affluent are not going to share money with those who will be unable to reciprocate.

globalization images

 Eg. of growing interdependence of countries

 

Increasing Volume of Cross Border Transactions

 Variety of cross border transactions

Increasing Volume of International Capital Flows

Widespread Diffusion of Technology

Summary of Globalization

        

1) I felt really astounded by all the damage I've witnessed. We've already encountered many storms in the past, but the death toll is what really took me by surprise. I usually hear death tolls being in the hundreds but I'd say this is the first time I've seen it being in the thousands.

2) I would suggest improving the social and economic infrastructure so the impoverished would be less likely to be affected by the storms.

3) People live in vulnerable areas because they are not wealthy to afford to live in more secure locations.