1M. Sc. (Ag.)., M.B.A., M. Phil., Ph. D., Assistant Professor, Dept. of Business Administration, Annamalai University, Annamalai Nagar-608 002
2M. Sc., M. Phil., M. Ed., Senior Lecture, DIET, Oddenchatram, Dindigul (Dt)
Online published on 27 July, 2017.
This is paper is an attempt at exposing two concepts: Inequalities are brain child of capitalism and impact of inequalities. Inequality is inevitably produced during the normal operation of capitalist economics and cannot be eradicated without fundamentally altering the mechanisms of capitalism. Inequality is necessary to produce a diversified labour force, because of its role in the production of an expropriatable surplus and because of its function as an incentive to work. Unemployment, underemployment and poverty are inevitably produced by mechanization, automation and the uneven course of economic development. Inequality underlies our whole economic way of life.
Inequality, Capitalism, Poverty
