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The days of the Raja Zamindar Jotdars are gone long years ago. Now the great festival of democracy is going on all over the world. Man is now free, much more open-minded. But after so many things, there is still a question. Are we independent? The question sounds a little absurd but a little relevant and reasonable. Because if not directly and indirectly we are completely in the hands of kings. And those kings are big giant corporate houses. Those who are getting richer and richer through the distribution of horrible inequality of money day by day. Make the condition of more poor and middle-class people worse. They are becoming poorer due to all these rich big businessmen. This is the reality, this is the big panic in the case of national equality.
IIFL wealth Harpur has published a rich list. It has been seen that Mukesh Ambani's wealth has increased by Rs 90 crore per hour since the lockdown started in India. Which is unbelievable in one word. A report of CMIE has heard more sadness. From last April to August, 2.1 crore people lost their permanent jobs in the country. And in unorganized cases, a lot more work is lost. Corona and some other fiscal reforms this year have shrunk the country's GDP by 23.9%. The RBI fears that GDP could fall by 9.5% in the next financial year. But there, according to Forbes, the net worth of Gautam Adani, the leader of the Adani group in India, has increased to Rs 71,540 crore.
Then it is clear that in this economic downturn, a class of rich people is getting richer, and small and medium businessmen are running out. This inequality has eroded the country's commodity prices and productivity. To reduce interest rates in banks, middle-class people are investing in the stock market by buying shares of large companies at low risk.
This is so true. And COVID-19 has made it even worse.
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A difficult situation that has grown in many countries, the crown virus and bad government policies cause an imbalance in societies, where the poor are poorer and the rich now double their money at the expense of the plight of the people.
See you later my friend, have a great week !
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I think it is natural that the rich keeps getting richer. They have more capital to invest and most times they have first-hand information too. It boils down to who got more capital first.
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