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शनिवार, 12 जुलाई 2025

Inequality or Deprivation

Recently, many noted intellectuals have raised concerns about rising inequality globally and within individual nation-states. However, this concern is grossly misplaced. The real issue is not inequality as such, but deprivation.

The collective responsibility is to ensure that everyone has the opportunity and motivation to earn a livelihood, and no one is left without food, clothing, shelter, medical care, security, and some means of enjoying life. Beyond this, it should not matter who owns how much.

Inequality is a natural condition—it will reappear in other forms even if suppressed in one. In fact, inequality can be functional. It often means that capital is concentrated in more capable hands. Greater capital in such hands typically leads to more investment, more businesses, and more opportunities for others to earn a dignified living.

It is human worth in general that translates into capitalism, and that in turn guarantees that each individual has the chance to realise their own worth. By valuing initiative, skill, and enterprise, capitalism channels human potential into productive activity, creating wealth and opportunities that benefit society as a whole.

Even in a seemingly full-blooded capitalist order, if some people remain deprived, it means the market is manipulated. This should be addressed with a two-pronged strategy. First, the manipulation is to be eliminated. Additionally, community life should be strengthened through community enterprises, encouraging people to form cooperatives to do business together, support one another, and offer services to others.

Niraj Kumar Jha

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