Chapter

Wealth and Poverty in America: The Economic Condition of Children

Duncan Lindsey

in The Welfare of Children

Second edition

Published in print November 2003 | ISBN: 9780195136715
Published online April 2010 | e-ISBN: 9780199894079 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195136715.003.0009
Wealth and Poverty in America: The Economic Condition of Children

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This chapter analyzes the distribution of resources in the U.S. and other industrialized market economies, identifying those economic and social assumptions that drive our free market system. America is a rich and bountiful country with enough resources to provide for all its citizens. Its free market capitalist system has produced enormous wealth. Yet, in spite of this great wealth there is also great poverty. One of the key reasons for this poverty is the vast political and economic inequality, which creates a condition in which the least powerful are the ones most vulnerable — in this instance, the children of single parents.

Keywords: child welfare; poverty; resource allocation; resource distribution; free market; child poverty

Chapter.  12564 words.  Illustrated.

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