What is the impact of economic inequality on political power? 🔊
Economic inequality can significantly impact political power by creating disparities in influence and representation. Wealthier individuals or groups often have greater access to political resources, including lobbying, campaign contributions, and media influence. This can result in policies that favor elite interests, exacerbating the wealth gap and diminishing the voice of lower-income constituents. Consequently, economic inequality undermines democratic principles, as policymaking may reflect the priorities of the affluent rather than the broader populace, eroding trust in political institutions and potentially fueling social unrest.
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