Paul Krugmans Why Inequality Matters Essay Example | Topics and Well Written Essays - 750 words

Paul Krugmans Why Inequality Matters - Essay ExampleAs a function of this, Krugman specifically focuses upon the open between the rich and the poor, and the incident that this gap has been widening in the past several decades. In such a manner, the following analysis will seek to encapsulate the main arguments that are presented indoors the piece, discuss the relevance to the current form of governance that is being represented throughout the United States, and reference the impacts that this whitethorn likely have on global relations in the future. Through such a discussion and analysis, it is the hope of this particular author that the reader will be able to come to a more informed level of understanding and appreciation for the way in which such a seemingly unrelated piece stand have a profound impact upon the way in which the United States could potentially interact with the world in the near future. The primary argument that Krugman represents is that the increased focus up on distinction is not the result of a top-down engagement of politics from a more kindlyly take careed government rather, the focus upon contrast in the derivative between the rich and the rest is the result of the fact that individual stakeholders deep down society have become more aware that runaway greed, inequality, and a reckless level of oligarchy have defined the way and the manner in which capitalism is represented within the United States (Krugman 1). As a means of delineating this new approach, Krugman draws upon the late mayoral race in New York itself. Such gabber and unapologetic socialist being able to defeat all separate candidates in an election can only be described as somewhat surprising in the face of what is currently known about American politics. Moreover, Krugman calls to the readers mind the understanding that a definitive shift to the left is taking place in the way in which President Obama is administering the nation, referencing the Affordable Hea lth Care Act, the proposed blowup of Social Security, and a litany of other instances as proof of this. Whereas it may not immediately be seen, the salience that all of this has to international relations has to do with the fact that the United States will likely not continue to lag behind the rest of the world with regard to the overall importance that social spending has within any given budget. For years, the United States has spent a far smaller portion of its annual budget on social programs as compared to many other highly developed and wealthy nations throughout the globe. Yet, as Krugman notes, a shift is currently taking place that will likely see this trend reversed. Although this may not clearly point to a change in international relations, it must be noted that a further level of focus upon social programs and social spending domestically will inherently decrease the amount of money that is available for intervention and military engagement with the remainder of the wor ld, thereby do the United States potentially more docile and less aggressive as regards direct levels of hard power that it would be willing and able to project throughout the world. From the information that has been presented, the only level of criticism that can be levied against Krugmans interpretation is the lack of bipartisanship that he retains. Whereas discussing this issue from purely an economic or societal standpoint would have been effective, Krugman instead seeks to utilize his particular point of view as a talking point in support of President Obama. Although this is certainly allowable in terms of an opinion editorial piece, a far more effective level of engagement would have been to approach the issue of inequality from an