American-Style Capitalism and Income Disparity: The Challenge of Social Anarchy

BY FAR, THE MOST SIGNIFICANT OF THE EMERGING OUTCOME "INEQUITIES" IN THE UNITED STATES PERTAINS TO THE WIDENING ECONOMIC DISPARITY AMONG THE POPULATION. THIS ARTICLE EXAMINES THE CONSUMER ECONOMY AND THE CHALLENGES OF INCOME DISPARITY. IT THEN EXPLORES CAPITALISM AND INCOME DISTRIBUTION, A...

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Bibliographic Details
Published in:Journal of economic issues 1998-06, Vol.32 (2), p.473-480
Main Author: Briggs, Vernon M.
Format: Article
Language:English
Subjects:
Analysis
ANARCHISTS AND ANARCHISM
Anarchy
Capitalism
Christianity
Consumer advertising
Consumer economics
Consumerism
Economic hardship
GLOBALIZATION, ON A GLOBAL SCALE
Income distribution
Income inequality
Labor economics
MARKETING SYSTEM
Poverty
Social aspects
SOCIETY AS A WHOLE
United States economic conditions
UNITED STATES, 1945 TO PRESENT
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Summary:BY FAR, THE MOST SIGNIFICANT OF THE EMERGING OUTCOME "INEQUITIES" IN THE UNITED STATES PERTAINS TO THE WIDENING ECONOMIC DISPARITY AMONG THE POPULATION. THIS ARTICLE EXAMINES THE CONSUMER ECONOMY AND THE CHALLENGES OF INCOME DISPARITY. IT THEN EXPLORES CAPITALISM AND INCOME DISTRIBUTION, AND THE ADVENT OF SOCIAL ANARCHY. IT ARGUES THAT TO THE DEGREE THERE IS A WAY OUT OF THIS SEEMINGLY INEVITABLE DILEMMA, IT MUST REST WITH A SUBORDINATION OF THE SHORT-TERM PROFIT OBJECTIVES OF THE BUSINESS CLASS TO THE LONG-TERM CONCERNS FOR A STABLE AND EQUITABLE SOCIETY FOR THE WHOLE.
ISSN:0021-3624
1946-326X
DOI:10.1080/00213624.1998.11506054