Tag Archives : economic divide

“Giving large sums of money to the very people who caused the problems in the first place seems very unwise, to put it mildly,” said Srichand P Hinduja, Chairman of the diversified Hinduja Group. In an article in Forbes magazine, as a pre-G-20 London summit commentary, Hinduja said: “What we are witnessing is the trailer to the real movie.” [...]

There are indicators of socioeconomic well-being, and all these are materially measured. They may all contribute positively to a person’s comfort, convenience, mobility, freedom, and further opportunity in life. On the other hand, these material manifestations are not distributed equally in society. That is why if these provide advantage to one person [...]

When income does not go to savings, it generally ends up in the realm of consumption. The principle of consumption rests on the concept of disposable income. When one has more income to spend, he has the bigger opportunity to consume. Consumption is rather attractive and tempting, at times. In a free world, there really is no barrier to consumption [...]