Showing posts with label Economical. Show all posts
Showing posts with label Economical. Show all posts

Sunday, May 31, 2020

Economy Collapse: Affecting Rich vs Poor

Rich Vs. Poor-Financial Disparity

The crisis of lockdown over COVID-19 has shaken many people from their roots. The economic recession and depression in major countries, who had the hold of the most impactful economy in the world shattered in this decade. It has become a big question mark to all world authorities how to bring economy like on the previous stage. As per lockdown, all the companies, trades businesses have been severely affected by the shutting down of their work. And It has become a difficult task to raise the economic conditions like before under the fear of death from coronavirus.

It is hard to understand who the people are, facing the drastic set back of this crisis. It's a general public who are bread earners for their family and survive on daily wages and day to day earnings. Because in this critical time nobody is there to help them, support them financially or psychologically to emerge from this critical condition. The people are more afraid of poverty rather than death. Because, in a country like India, the head of the family is mostly responsible to bear expenses of all family members. No matter what they will get in return.

The developed countries have sources to support their citizens if people lose their jobs or their employment. They have norms to provide unemployment allowances. And they have reasonable parameters to save life from starvation and poverty. But in a country like India hunger and homelessness has broken the people from their morale to raise a question of survival during this critical time. The immigration of lakhs of labors moving from cities to their villages shows the mental trouble among people how they are hurt from this turbulence. The pain of losing earning sources has become more than fear of losing their lives. Because there is no surety and security for life for them from anywhere.

The rich have also got great losses in their business during this lockdown period because lockdown has made the workers quit the cities and all the production and trading part is stopped. The service industry is also hampered, where a large number of people lose their jobs. But the difference is quite noticeable there. The rich are sitting in their homes more securely with all luxuries and comforts to wait for passing this critical time till the situation gets normal. Even we can say the rich people are enjoying this lockdown time like a vacation period after a long while for them. And still they have no fear of the future.

As the time passes the businesses will reopen, companies will start working again by making new strategies to recover their losses by imposing extra charges on their products. And likewise the government will also recover their losses from the general public by imposing extra fines and taxes on the people. The rich people have no question of survival, safety and security for life. They have enough sections of wealth created to survive throughout life without earning. They are never going to beg on the streets.

But this lockdown has compelled the poor to beg on streets making them so helpless and insecure. They are broken down from inside and not able to hide their tears at this time by moving with their baggage and small children.

However, the government has declared the major helping aid funds to those people. But how many of them are benefiting with them.where are these funds reaching. Is the Indian government capable of feeding and providing unemployment allowance to every single citizen of this country who is in need of help.

A country like India which is the major democracy of the world has no lack of funds but very much lack of proper management and administration structure, which can help every citizen and give value to their life. In this lockdown period few people are also benefited financially in their business by imposing extra prices on their products. Now the companies have started their advertisements on their products according to coronavirus crises, for their promotions like their products are untouched and highly sanitized. So many people are taking advantage of this situation to prosper their lives while many have thrown out of homes due to not paying their rentals.

DO we imagine our country like India will be capable in the future to provide basic necessities to every citizen like food, clothing and shelter? (Roti, Kapada or Makan). How many people in the country, who are still facing unemployment and poverty even after being talented and doing all hard work. But unable to emerge from the financial crisis of their lives. The burden of life breaks them and exploits their abilities and strength due to compulsions of life. The financial crisis makes them unable to approve their human rights. The social structure of our country is already so sick which never lets people live their lives by freedom and independently so that their expertise can be utilized properly. Resulting in all the mismanaging structure increases the liability on the system without using the assets in the proper way.

The crisis of Coronavirus has not come alone this year there are also other challenges, which are threatening this year like locust attacks on crops, unseasonal rains destroying the crops,earthquake tremors, catastrophic storms and many more, which still has to be faced by the people in the world like Australian fire, plane crash in Karanchi Pakistan etc.

Raising the question on us how much we are prepared to fight these calamities together.and how we can build ourselves strong enough to stand against these perils. Because this year has shown the reality of life to everyone that whatever we do, we are still very small in front of nature’s power.

Ensuring, this crisis of lockdown will teach everyone to settle in their life standing alone in front of others with full safety and security with no fear of starvation and homelessness in the future. So that the poor will also be capable of fighting with these hardships equally to rich people. There is a lot to do with the economy to balance the structure of society to make people courageous to bear with time more efficiently.