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Essay / Research Paper Abstract
5 pages in length. Within the literary boundaries of John Kenneth Galbraith's "The Position Of Poverty" and Robert B. Reich's "Why The Rich Are Getting Richer And The Poor, Poorer," the reader is given a significantly better understanding as to why there exists such a tremendous separation between rich and poor. While Galbraith cites the
curse of capitalism, Reich tends to focus more closely upon the decline in a decently paid workforce, a contrast that effectively distinguishes Reich and Galbraith. Reich notes
that major corporations such as AT&T, American Airlines and General Motors – just to name a few – have ceased taking care of their employees, choosing instead to seek out cheap labor as a means by which to fortify even further their already overflowing money pots. By doing so, one can readily surmise that the middle class is slowly but surely being squeezed out as the separation between upper and lower class. The writer compares and contrasts these articles as they are found in Lee A. Jacobus' "A World of Ideas." No additional sources cited.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCrchpr.doc
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Unformatted sample text from the term paper:
Robert B. Reichs Why The Rich Are Getting Richer And The Poor, Poorer, the reader is given a significantly better understanding as to the underlying reasons why there exists such
a tremendous separation between rich and poor. While Galbraith cites the curse of capitalism, Reich tends to focus more closely upon the decline in a decently paid workforce, a
contrast that effectively distinguishes Reich and Galbraith. Reich notes that major corporations such as AT&T, American Airlines and General Motors - just to
name a few - have ceased taking care of their employees, choosing instead to seek out cheap labor as a means by which to fortify even further their already overflowing
money pots. By doing so, one can readily surmise that the middle class is slowly but surely being squeezed out as the separation between upper and lower class, ultimately
causing a significant disparity in economic balance. Clearly, one of the primary components that serves to separate the ideals of Galbraith and Reich, as they are found in Lee A.
Jacobus A World of Ideas, is the fact that Galbraith employs much more of a psychological and sociological flavor to his economic theories, while Reichs central point revolves around globalization.
Galbraiths application of case and insular poverty is used to address the issue of background to support his philosophies, which refer to 1) those who exist within a perpetual
state of poverty and 2) a communal position of poverty. For example, case poverty occurs as the direct result of some external cause, according to Galbraith, which can include
"mental deficiency, bad health, inability to adapt, alcohol, or uncontrollable procreation" (Jacobus 237-265). Conversely, insular poverty is defined as an "island"-like manifestation where
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