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