South Korea's Wealth Gap: Shocking or Just Predictable Capitalism?
According to the Korea Times, South Korea's wealth gap hit a record high, with the top 20 percent holding 47.3 percent of the nation’s total net assets while the bottom 20 percent saw their net assets *fall* 4.9 percent. This isn't just 'disparity'; it's the predictable outcome of a system designed to funnel wealth upwards, precisely what happens when economic policies prioritize growth for the
few over stability for the many. Funny how 'average household assets' rose, while the bottom quintile plummeted—must be that 'trickle-down' economics working as intended, just not for everyone. One might wonder if any national 'Ministry of Data and Statistics' has ever reported that wealth distribution is suddenly equitable and fair. The real story isn't that this happened, but that it's still
presented as a surprise, as if the last few decades haven't shown us exactly where 'surging assets of top earners' inevitably lead. How many more 'record highs' in inequality before we acknowledge the system isn't broken—it's just working for a select few?