Choose given statement is true/false:

In actual life, democracies do not appear to be very successful in reducing economic inequalities.

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Detailed Solution

This statement is true.
The wealth and the means to get it have been concentrated in the hands of a select few individuals, and those individuals' proportion of the country's aggregate income has been growing. However, the individuals at the very bottom of society have a terrible time meeting even the most fundamental requirements of existence, such as ensuring that they have enough food, clothes, a place to live, an education, and enough health care. In addition to this, they have seen a decrease in their salaries. Less fortunate people make up a significant proportion of voters, and no political party would want to alienate them. However, democratically elected governments do not seem to pay attention to the plight of the underprivileged. It would seem that democracies are not particularly effective in bringing about a reduction in economic inequality.

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