Abstract and Keywords
Paradoxically, at a time when people in all areas of the world have been asserting their right to equality and dignity, most governments, prodded by the global elite, have focused on achieving higher economic growth with political stability, even though such policies have generated greater inequalities and social tensions. Reducing inequality has not been their principal objective. This chapter discusses the concept of inequality and the various meanings associated with it. How the problems of economic and social inequalities have been addressed in the Global South is also discussed. The chapter examines how liberal democracy treats the issue of inequality and how it is handled in regimes governed by communist parties. It also describes the notions of deferred liberalism and acquiescent socialism.
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