The Rising Tide of Inequality: Exploring the Causes and Consequences of Wealth Concentration

Abstract

The 21st century has witnessed a stark rise in wealth concentration, with a growing share of total wealth accumulating in the hands of a select few. This article explores the root causes and multifaceted consequences of this phenomenon, examining its impact on various aspects of society, including social mobility, economic growth, and political stability. It further analyzes potential policy interventions and societal shifts necessary to address this growing problem and promote a more equitable distribution of wealth.