Understanding Societal Wealth and Inequality Thesis...

AYOMIPO MADEIN A00014571 WRI 102 FINAL PAPER UNDERSTANDING SOCIETAL WEALTH AND INEQUALITY THESIS STATEMENT ON WHAT CAN HELP SOCIETY (HYBRID OF CAPITALISM AND COMMUNISM) WHAT IS WEALTH On a general basis, wealth is an accumulation of physical entities which hold great importance to us. These entities are objects such as money, land, jewelries, gold, precious stones and so much more. It is also a means were by people grade themselves or attain superiority over others. Wealth comes with power, prestige, honor, and integrity. Wealth is a very important tool in a society and that is the very means of survival in today’s world. In Charles Darwin’s evolutionary theory, he speaks of â€Å"survival of the fittest†. In today’s modern world when fittest†¦show more content†¦They went into contracts with them and the contract entailed that if they didn’t pay at the designated time with interest, they would be forced to pay up their debt with labor which meant they would become slaves to them. This was called bonded service or indentured service. This was a common psychology the rich used to oppress the poor and this continued from one generation to the next. In some circumstances if the father and the mother cannot pay up even after death, the child (ren) take the debt and work for the rich person till the debt is paid. This occurred in the United States of America until Slavery was based on color. In some areas in Ghana when debt was not paid in time, the rich person will collect the girl child of that family and she becomes his own until he is satisfied with her probably when she is in her fifties. Nothing was done about this, girls suffered because of private wealth. People used it to their advantage and people suffered. This form of slavery continued in Ghana until a militant president broke the bond or contract. Now those girls who were taken from their house at an early age live in shame, they walk nude on the streets of Ghana because they have been stripped of their purity at an early age. Stratification of a society is the after effect of private wealth. Stratification of societies has evolved through the ages from slavery to caste to estate and to class system which is the modern dayShow MoreRelatedGlobalization and It Effects on Cultural Integration: the Case of the Czech Republic.27217 Words   |  109 Pagescentury. However, there is the difficulty of the world to come up with a single and uniform definition. This is because, so many people doubt if the happenings in the world today are as a result of globalization. Thus, due to these global differences of what this concept actually is about, globalization has grown to involve aspects not only of economy, but politics and other socio-cultural issues. Globalization affects almost every human being, this is because the process of globalization is said to haveRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Imp ortant Change.163893 Words   |  656 PagesLandscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform Michael Adas, ed., Agricultural and Pastoral Societies in Ancient and Classical History Jack Metzgar, Striking Steel: Solidarity Remembered Janis Appier, Policing Women: The Sexual Politics of Law Enforcement and the LAPD Allen Hunter, ed., Rethinking the Cold War Eric Foner, ed., The New American