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How to narrow the global wealth gap?
Outline:
1:Introduction
2:Long term causes
3: Remedies to the impending global disaster
4: Inference

Introduction:
The Oxfame report “An Economy for 1%”, which was released in January this year, showed that the richest 1% of the world have more wealth than the rest of the world combined. Oxfame has been updating us with horrifying updates every year. This year they told us the richest 68 people of the world hold more wealth than bottom half of the world. Just six years back, it was the richest 388 people who held together the same amount of wealth. Global wealth concentration just like global warming is a disaster of our own creation and we can solve it ourselves.
Long term causes:
The European colonial period was the era between 16th century to mid 20th century. British Empire was so enormous that it was said that the sun never sets on British Empire. Asia, Africa and other parts of the world were under British rule.
The British Empire started declining after World War II because of the huge losses both militarily and politically. British had to give sovereignty back to the states which were under British rule since 16th century. Despite of the fact that British gave up mercantilism and allowed free trade in newly sovereign states, these states were unable to stabilize their economies. Lingering colonialism had destroyed the nationalism, ethnic values, education systems, administration systems and the sense of separate ideology of the victim states. The newly independent states were straddling new and old cultures because British culture had fused with their original cultures. Colonial powers ascertained that people of the victim state were truly depending on them to run markets and after gaining independence due to lack of education and technology, the states fell a victim to neo-colonialism.
Victim states lacking status in international trade markets had to depend on colonial powers for trade. World Bank helped many states by approving loans but these aids turned to be political aids and Big Powers that influence the World bank itself asked the governments of victim states to lift Tariffs.
The imports from Big Powers were cheaper than their own produced goods and as a result the economy of small states couldn’t grow.
In the contemporary world, we can see the poor countries still not able to be independent and sovereign in true meaning. Economic powers constantly improving GDP while poor countries constantly getting buried under weight of loans and international pressures.
The rich people, taking advantage of the situation, invest in poor countries and utilize their cheap raw material and labour to become more and more rich.
Technology is replacing man power with machines which mean, the richest 1% people of the world will no longer need to depend on the labour of poor countries to make money.
This system has been designed in such a way that the more you have, the more you can earn. This system has to be redesigned to make wealth obtainable by everyone irrespective of what wealth they already have.

Remedies:
Cuba is a small island country in central America and despite of the fact that it is geographically close to a capitalist super power United States, Cuba is practicing communism for more than a half century.
Government has control over all property and businesses and it provides facilities to every citizen equally.
Cuba has not succeeded in becoming a super power but the equal distribution of wealth and resources by the government among the citizens is admirable. There is no concept of wealth concentration in Cuba.
Health facilities are a lot cheaper than US and attract many US patients to get treatment from Cuba. Tourism, tobacco export, cheap treatment and education attract people from neighboring countries which generate fair income.
The government of other countries can learn and implement this system to eradicate permanently the wealth concentration from the world.
The above mentioned remedy might not be acceptable to many realist countries as these countries believe this world to be an anarchical place and according to them every country is in struggle of gaining constant power; this struggle has led us to the demise of the natural resources.
However, another remedy which can be acceptable to such countries is the concept of “social business”.
At present, governments and charities have to bear full responsibility of social problems; businesses, with their clear mandate to make money for their owner, are excused from it.
The idea is to develop a frame work in which education system nurtures maximum entrepreneurs not workers. The children are educated to work for welfare of humans rather than pursuing their self interests. Empathy for mankind and sense of fellowship is taught.
The more entrepreneurs means more job creators not labours to the current rich investors. Business promoting selflessness and benefiting the poor people.
Conclusion:
Big powers should stop looking at the conflicts and problems through the prism of their own strategic interests. Wealth concentration will soon turn to a global disaster and we should not wait any longer to recognize the gravity of the situation we are in and take action.