Why does global financial disparity exists?

Answer 1

It has always been this way.

The Egyptians used slaves to construct the Pyramids, the Greeks raided Ilium (Troy), the Romans subjugated their citizens in far away lands (Judea), the Mongolians conquered others under Genghis Khan, European explorers devastated indigenous populations in America, & native Africans became a part of the slave trade.

Although those who have more military might still have an advantage over those who do not, today there is the added advantage of economic power. Middle Eastern countries such as Saudi Arabia never had a military power, but have become quite influential due to having a resource that everybody wants, oil.

Global disparity exists because the world is a world of the 'haves' and the 'have-nots', and this disparity can often be seen in our own communities that we live in. Those are the sides of town where those who 'have' live at and the sides of town where those who 'have-not' live in.

Communism was touted as an answer to this, but it showed that there would be no 'haves' if they could not keep some of what they worked hard for, while a pure capitalist society cannot work due to 'have-nots' doing whatever they have to do for a minimal survival, resulting in more crime.

Global disparity exists because there are those who use others and those who are used, and there is no easy answer to decrease such disparity.

Answer 2

Global financial disparity exists due to a combination of factors such as unequal distribution of resources, economic systems that favor a few at the expense of many, historical inequalities, and geopolitical power dynamics. These disparities are perpetuated by policies and practices that benefit certain groups while disadvantaging others, creating a cycle of wealth concentration and poverty. Addressing global financial disparity requires systemic changes to promote equity and inclusivity in global economic systems.