Business and Politics

POLITICS: GLOBAL CONCERNS THAT SHAPE OUR FUTURE

by Editorial Desk February 8 2025, 12:00 am Estimated Reading Time: 5 mins, 23 secs

As inequality deepens, the future of millions remains uncertain. Without meaningful intervention, the dreams and aspirations of the world's middle and working classes risk being crushed under the weight of a system that increasingly benefits only the privileged few. The #Newsdesk reports… 

Photography: Vinta Nanda (Kala Ghoda Arts Festival 2025 – where you can see that today, art is the only paradigm of these times that gives hope).

Global inequality is on the rise, affecting millions, including India, where economic disparity, lack of access to education and healthcare, unaffordable housing, climate change, and social instability are key concerns. The richest 1% of the global population controls an overwhelming share of wealth, while middle and lower-income families struggle with stagnant wages, limited job opportunities, and rising living costs. In India, urban housing crises, rural poverty, and climate-related disasters are deepening socio-economic divides. Without systemic reforms that prioritize public services, climate resilience, and equitable policies, future generations risk being trapped in cycles of poverty and instability. Addressing these interconnected challenges is crucial to creating sustainable livelihoods and reducing the global rich-poor divide.

As the world faces a widening gap between the richest few and the rest, concerns about social stability, economic opportunity, and the environment continue to escalate. In both developed and developing nations, particularly in countries like India, the middle and working classes are bearing the brunt of this growing disparity. The consequences of this divide impact livelihoods, futures, and the ability of generations to thrive. Five major concerns stand out as critical threats to global well-being.

Economic Inequality and Erosion of Opportunity

Economic inequality has reached staggering levels worldwide. According to Oxfam, the top 1% of the world's population owns more wealth than the bottom 90%. In India, the trend is similar—reports indicate that the richest 1% own nearly 40% of the nation's wealth. For the vast majority, however, wages have stagnated while costs of living soar.

Opportunities for social and economic mobility have declined, especially for middle-class families. The outsourcing of jobs, automation, and monopolistic control over industries have led to a situation where fewer people have access to sustainable employment. In India, millions of youth enter the job market every year, but job creation has not kept pace with demand. Meanwhile, corporate tax cuts and favourable policies for large conglomerates have enriched a select few, further widening the gap between rich and poor.

This lack of opportunity not only deepens poverty but also undermines aspirations for upward mobility, creating a growing sense of hopelessness and resentment.

Declining Access to Education and Healthcare

Globally, the privatization of education and healthcare has made essential services unaffordable for many. In India, this disparity is particularly stark. While elite private institutions and hospitals offer world-class services, millions depend on poorly funded government schools and hospitals that struggle with inadequate infrastructure, staff shortages, and corruption.

The COVID-19 pandemic laid bare these inequalities. Access to life-saving medical care was limited for large sections of India's population, especially in rural areas. Similarly, during lockdowns, children from low-income families were left behind as education shifted online—a format inaccessible to those without devices or internet connectivity. As a result, India risks a "lost generation" with diminished educational outcomes.

In the absence of robust public investment, future generations face diminished prospects for health and learning, trapping families in cycles of poverty.

Housing Affordability and Urban Displacement

Housing crises have become a global issue as urban centres experience a surge in property prices driven by real estate speculation and investments from the ultra-wealthy. In India, cities like Mumbai, Delhi, and Bangalore are grappling with severe housing affordability challenges. While luxury high-rises dominate skylines, many essential workers—teachers, healthcare staff, and labourers—are pushed to live on the outskirts of cities in overcrowded conditions.

Slums and informal settlements have become the only housing option for millions, lacking access to clean water, sanitation, and basic services. At the same time, rural-to-urban migration, driven by declining agricultural incomes, is accelerating urban overcrowding and straining infrastructure.

Efforts to address these issues often prioritize cosmetic solutions such as beautification projects that displace vulnerable communities rather than tackling the root causes of the crisis.

Climate Change and Its Unequal Burden

Climate change disproportionately affects lower-income populations and marginalized communities. India, with its vast geography and diverse ecosystems, is one of the most climate-vulnerable nations. Rising sea levels threaten coastal areas, while droughts in regions like Maharashtra and Rajasthan have led to agricultural collapse and farmer suicides.

For millions of Indians who depend on agriculture, fishing, or forestry for their livelihoods, climate-related disasters exacerbate existing inequalities. Wealthier individuals and corporations, however, often escape the worst consequences by moving to safer areas or adopting technologies that mitigate risk.

Despite this, environmental policies in India and around the world often prioritize corporate interests over climate justice. Large infrastructure projects such as highways and mining continue to displace indigenous and rural communities without proper compensation or rehabilitation.

Social Instability and Democratic Erosion

The widening wealth gap is destabilizing democratic institutions across the globe. Populist leaders in countries have exploited economic anxieties to fuel social divisions. In India, for instance, identity politics—often centred around religion, caste, and ethnicity—have been used to divert attention from economic challenges like unemployment, inflation, and farmer distress.

Protests and social movements—such as the historic Indian farmers' protests in 2020–21—highlight the growing frustration among marginalized groups who feel unheard and unrepresented. However, dissent is increasingly met with crackdowns, censorship, and legal action. Trust in democratic institutions erodes when governments prioritize the interests of billionaires over the needs of ordinary citizens.

The weakening of democratic norms, coupled with economic instability, sets the stage for long-term unrest and insecurity, creating a vicious cycle that threatens both national and global progress.

Addressing the Crisis of Inequality

Governments must reinvest in public services, strengthen social safety nets, and promote policies that reduce inequality. In India, this could mean increased spending on rural development, education reform, and climate adaptation strategies that prioritize vulnerable populations.

At the same time, the global community must hold multinational corporations accountable for exploitative practices and advocate for fair taxation. Strengthening labour rights, encouraging green innovation and inclusive economic growth are essential steps.

Civil society movements, journalists, and activists also have a crucial role to play by amplifying marginalized voices and demanding transparency and accountability. In a world where economic disparities continue to grow, the fight for equality and justice is more urgent than ever.