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This paper examines some of the current literature on the subject of "economic justice" to look at both sides of the picture, identifies a few major issues, and draws conclusions from the review. It explains that if we look at the economic conditions in the present day world we would find that we are further from the ideal of economic justice than ever before. It shows how this is reflected in the rising inequality between the rich and the poor, both at the intra-country and inter-country levels ,and the crippling debt of the under-developed countries.
From the Paper:"Reflecting the intellectual divide on most political and economic issues, there are basically two diametrically opposite views on the subject of economic justice. This is not necessarily a bad thing as it enables one to examine alternate opinions, but it does have the drawback of creating confusion it becomes hard to decipher fact from fiction as the opposing schools of thought tend to "bend" arguments to suit their view-points. In any case, the rightist/ neo-liberal point of view holds that the present economic world order (represented by globalization and laissez faire economy, supported by the Bretton Wood institutions) is the path leading to global economic salvation. The leftist or alternate point of view propagates that the present economic order is promoting growing inequality between the rich and the poor and is the antithesis of "economic justice.""
Cite this Essay:
Economic Justice (2004, January 15) Retrieved February 07, 2023, from https://www.academon.com/essay/economic-justice-46539/
"Economic Justice" 15 January 2004. Web. 07 February. 2023. <https://www.academon.com/essay/economic-justice-46539/>