Richocracy is Responsible for Global Inequality with Special Reference to US Ideals and Practices
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Date
2015-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
CRP, International Islamic University Chittagong Bangladesh
Abstract
‘Rich is getting richer and poor poorer’ is the common global voice today and this is getting worse in Capitalists societies since the demise of Soviet Communism in early 1990s.As the opposing force, capitalists used to be extremely scared of communism that made them to cut the work hours to 8, standardized salaries, made provisions of annual pay increase and vacations, chances of promotions, pensions, labor unions etc. Ironically capitalism also failed in 2008, but defenders of this system do not admit it. With the failure of capitalism the various ideals of democracy become only catch and deceptive words changing democracy to ‘richocracy’ i.e. the government of the rich, by the rich and for the rich. After the demise of communism the rich crates became extremely wild and are taking over whatever benefits and freedoms the labors enjoyed before. Rich crates’ enslavement of democratic processes and systems seems to be permanent, unless and until some kind of revolution – social or otherwise occurs. Today rich crates control the world economics, politics, religion and societal norms and values creating many attractive or deceptive business products and strategies that openly cheat consumers by all different means. Richocracy deceptively defines or redefines societal ideals, morals, norms and values that made bad good and good bad, and honest dishonest. They also continually portray patriotic people to be unpatriotic and vice versa. In addition this paper discusses how various ways richocracy contributes to increased magnitude of poverty and inequality, bad impact of privatization and not for profit agencies even though these are excellent ideas. It also reflects on Islam phobia agenda of the Western rich crates. No matter whatever control mechanisms are adopted human bad manners makemostideals dysfunctional through the hidden agenda and programs of the rich crates.
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Keywords
Richocracy, Failure of Communism and Capitalism, Islamophobia, Residual Rules theory, Poverty in America, NGOs and Privatization, Homelessness and Single Parenthood
Citation
Volume 4; December 2015; Page 101-116; Article-6