Denial of right to economic security

Nature

The denial of the right to economic security refers to the systematic barriers that prevent individuals and communities from achieving stable and sufficient economic conditions necessary for a dignified life. This issue encompasses inadequate access to employment, fair wages, social safety nets, and essential services such as healthcare and education. It disproportionately affects marginalized groups, exacerbating poverty and inequality. The lack of economic security can lead to social unrest, diminished quality of life, and hindered personal development, ultimately undermining societal stability and cohesion. Addressing this problem is crucial for fostering inclusive and sustainable economic growth.

Incidence

According to the International Labour Organization, over 4 billion people—more than half the world’s population—lacked any form of social protection in 2020, leaving them vulnerable to poverty and economic insecurity. The incidence is particularly acute in sub-Saharan Africa and South Asia, where informal employment and limited state support systems exacerbate the denial of economic security for large segments of the population.
In 2013, garment factory workers in Dhaka, Bangladesh, faced widespread denial of economic security following the Rana Plaza collapse. Many survivors lost their livelihoods and received inadequate compensation, highlighting systemic failures in ensuring workers’ rights to stable income and social protection.

Claim

The denial of the right to economic security is a grave injustice that undermines human dignity and societal progress. Millions are trapped in poverty, deprived of basic needs and opportunities, while wealth inequality soars. This systemic failure breeds despair, stifles potential, and fuels social unrest. Economic security is not a privilege; it is a fundamental human right that must be upheld. We must demand accountability and action to ensure that every individual can thrive and contribute to society.

Counter-claim

The notion that denial of economic security is a pressing issue is exaggerated. Many individuals thrive in a competitive market, adapting and innovating to improve their circumstances. Economic fluctuations are a natural part of life, and personal responsibility plays a crucial role in financial stability. Instead of focusing on perceived injustices, we should encourage self-reliance and resilience. Overemphasizing this problem detracts from the real opportunities for growth and success that exist in our dynamic economy.