| In economics, Distribution of wealth refers to the proportion of
capital controlled by a given percentage of a population. Typically, a small percentage will control a larger percentage of
available capital.
Globally, the distribution of wealth is said to be concentrated among the G8 and Western
industrialized nations,
along with several pockets in Asia.
Socialism and communism are
designed to diminish the perceived conflicts arising from unequal distribution of
wealth by forcing wealthier members of society to surrender some or all of their assets to the majority in a process sometimes called wealth transfer. The State or the people then administer all public assets. Critics of
state-managed economies cite the former Soviet Union and The People's
Republic of China as examples of countries where, despite aggressive economic regulation,
wealth continued to distribute unevenly, often among those in politically powerful
positions.
In most countries, attempts are made through taxation, regulation and governmental oversight
to at least diminish the natural economic tendancy for capital (and therefore effective political power) to accumulate among
small groups, often resulting in substantial political debate and controversy.
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