There Is A Problem In Our Financial System | The Odyssey Online
Start writing a post
Politics and Activism

There Is A Problem In Our Financial System

Excessive inequality should not be a fundamental aspect of our society.

18
There Is A Problem In Our Financial System
flickr

A little competition doesn't hurt anybody, or does it? We see tons of sports prodigies competing against each other, authors competing to write up the most captivating novels to gather the most readers, and we even see graduates embellishing their resumes in order to compete for the best jobs. Many of us can agree that this kind of competition is relatively healthy, since we are usually emulating others who are very successful to become the best person we can be. However, competition that occurs at the expense of other people's lives does not seem to be very healthy or fair. This article is meant to very generally discuss this matter, and offer ideas in order to enlighten minds.

In American society, as most of us know, there is a devastatingly large income gap between the rich and the poor. There are multiple reasons for this, and it sure isn't mitigated by the fact that our economy is designed to create debt. As a society, we seem to be too cultured to take a stance against this issue. A lot of us believe that those who earn ridiculous amounts of money deserve every penny, and this belief holds us back. This belief makes us feel comfortable with our lives and the way our economic system is framed. We need to open our eyes and see that excessive competition in a way that produces immense income gaps, to the point that many individuals do not even earn enough to eat on a day to day basis is wrong. Competition in a capitalist society should not have to result in automatic debt with essentially no way out.

The one percent that obtain massive incomes have enough money to support multiple lives, but unfortunately, a lot of this money is not being used for such. Sure, there have been many philanthropists over the course of history, but it would be naive to assume that all of the rich use their immense amounts of money to provide relief for those in need. Let's open our eyes and keep this issue in our minds. Let's try and move toward a future in which economic competition is healthier one day.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Lifestyle

11 Confessions Of A Sleep-A-Holic

If your plans get cancelled, there is a 99.9% percent chance you are sleeping.

740
woman lying on bed
Photo by Kinga Howard on Unsplash

1. What are some of your hobbies? Does sleep count?

I'm so good at sleeping I can do it with my eyes closed

Keep Reading...Show less
one tree hill
Wikipedia Commons

If you need a new series to watch, I recommend One Tree Hill. I watched this series three times now and it only keeps getting better. If you need any more reasons beside the fact that all of the seasons are on Netflix for your binge-watching pleasure, here are seven more reasons to watch it.

Keep Reading...Show less
University of Mount Olive
University of Mount Olive

College is the most exciting time of a person's life. It really is. Exciting is not always a positive feeling though. Excited is a feeling that can be associated with nervousness, anxiety and more. Here are some real tips for college freshman that go beyond the typical, "Go to class," lecture.

Keep Reading...Show less
Relationships

The 5 Pros and Cons Of Long Distance Friendships

Being friends with someone thousands of miles away has its drawbacks and perks.

1488
friends on the beach

True friendship is incredibly rare, and to find a friend that will be there for you through all of life's curveballs is something quite unique. To add distance into the equation, maintaining a real, true friendship can be a struggle. There are good and bad parts that come with long distance friendship.

Keep Reading...Show less
high school girls
Tori Horne

Friendship. It's defined as the state of being attached to another person by feelings of affection or personal regard, but what really is friendship? Is it that occasional hallway talk with that one person who always manages to cheer you up? Is it that relationship you have with someone where they can be gone for a long period of time, but when they come back, it's like they never left? Is it spending every waking hour with someone, and knowing every detail about their life? Is it the relationship that's filled with fighting, but filled with even more resolution? I've learned that it's all of these things, and every friendship is different. It's a beautifully dysfunctional mess that should always be cherished and never be taken for granted.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments