Unequal economic system of Nepali society
Official statistics show that 8.1 million people live in extreme poverty in Nepal. But in reality, this number is twice as big. Contrary to the desire of the human community for the prosperity and equality of the entire world after the end of the Second World War in 1945, the financial capitalism named neoliberalism, fostered by the Western capitalists, former colonialists and emerging imperialist powers and following the trend of ugly inequality after the ‘ Reagan-Thatcher era ‘, that has maintained its sole control over the world’s total capital. As a result, the gap between the rich and the poor widened unimaginably in liberal-capitalist countries around the world. The richest one per cent has accumulated more wealth than the entire human population. According to a 2017 report, the richest people, who represent one per cent of the population, have increased their wealth by 82 per cent. At the same time, more than half of the world’s poor population has not been able to save a p...