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Rejuvenation  ·  2893 days ago  ·  link  ·    ·  parent  ·  post: World's eight richest people have same wealth as poorest 50%

Neoliberalism has problems particularly when it is not able to produce jobs for masses,and is benefitting skilled middle class. In India about 43% of people are dependent on agriculture for livelihood, and my firm belief is that government must encourage Agriculture related industries with forward and backward linkages,so that people can lift themselves above poverty. But, market forces are not creating the required jobs and manufacturing and services sector which require skilled labour are not able to absorb poor people.

With respect to inequality what i believe is,as said:

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries.”

                                    --Winston Churchill