Rathadev made his new capital in
Answers
Answer:
Till the lockdown triggered by the coronavirus, the financial crisis of 2008 was considered to be the biggest setback the financial world had seen since the 1929 Wall Street Crash. Then as well as now, one dominant issue has been how crises affect the rich and the poor differently. The images of migrant workers walking miles to reach home or families struggling to maintain social distancing in crowded shanties of India or news of black and Hispanic patients in the U.S. being more vulnerable to COVID-19 are all a grim reminder that even if the virus goes away at one stage, inequality is likely to remain an intractable issue.
One consequence of the 2008 crisis was the call to seriously introspect issues surrounding inequality, not just by academics, but also by the corporate world and society at large. Billionaire Warren Buffet in 2011 reportedly said it was time to impose high taxes on the rich and Pope Francis in 2013 lamented the wide gap between the majority and a happy few who enjoyed the prosperity in society.
However, economists did not see inequality as a problem of social justice. For rating agency S&P and the OECD (Organization for Economic Cooperation and Development), inequality needs to be addressed more to ensure unimpeded economic growth.