Democracy is expected to reduce poverty and inequality, but in practice, its record is mixed.
Political Equality vs. Economic Inequality: Democracies are based on political equality — every citizen has one vote. However, alongside this, economic inequalities continue to grow. A small number of ultra-rich enjoy a disproportionate share of wealth, while those at the bottom struggle to meet basic needs like food, clothing, education and health.
Evidence from Data:
Limitations: Poor constitute a majority of voters, yet elected governments often fail to address poverty adequately. Countries like Bangladesh have more than half their population living in poverty.
Thus, while democracy provides political equality, it has not been fully successful in eliminating economic inequalities.
Source: Chapter 5 — Outcomes of Democracy
---