Capitalism has lifted more people out of poverty than any other economic system in human history.
Change my mind
@I Are Lebo, and now its sinking them back into poverty, over the last 50 years or so.
@Implicit88, ummm explain
@TheSecretSavage, wages when adjusted for inflation, have been falling or remaining stagnant since 1960/70s, that is they fell and remained stagnant. In addition, cost of living has increase and healthcare have as well. You could look up the data yourself. Its on the department of labor statistics website. This means less disposable income per family and an overall decreased standard of living over ones lifetime.
@Implicit88, *waves wand around*
There, now it's all better!
....right? That's how it works?
@Invalid User, just like thoughts and prayers ;)
@Implicit88, I don’t think you understand that the statistic is a global statistic. Look up the global poverty statistics from 1900 and now. Something like 50,000 people per day are lifted out of poverty around the globe every day for over a hundred years. The vast majority of the people below the global poverty line live in just 5 countries. Those countries all rank less than 120 on the international rankings for free markets.
@Implicit88, the standard of living of the poorest people in the USA is above the global average. There’s a level of entitlement from first world countries of people who do not know suffering but think they do.
That’s not to say that there aren’t people in the USA who are starving, homeless, and miserable. But people in the USA do not know the struggle to survive that was the average human life as little as a hundred years ago.
Capitalism is not a perfect system. Far from it. But we as humans haven’t yet come up with anything better. Capitalism is superior to communism or socialism in terms of quality of life and innovation. Capitalism is infinitely superior to feudalism or theocracy across the board.
Capitalism isn’t sinking people into poverty. People making bad decisions is. If you drop out of high school, never get a career, and have kids out of wedlock, your future is probably going to suck. That’s not the fault of Capitalism. It’s the fault of bad choices.
@BigJohnson86, the one i was talking about was in the usa. A global poverty level is a low bar. Its probably just food water and shelter (not even a house). Also its relative. One number as a global poverty level makes little sense. Lets just talk about the usa. Are more people being lifting out of poverty than entering poverty? No. Middle class is shrinking people either go up or down. Less go up more go down
@I Are Lebo, capatalism has wealth distribution of an inverted pyramid. Even so, not everyone can do well, there isnt enough high paying jobs to go around its simple math. To make things worse you make about 40% or se less than people made 50 years ago not to mention the cost of a house when compared to pay increased exponentially.
@Implicit88, I believe the level for global poverty is about 2$ a day or something in that area so your not off by enough to matter. The point being raised was that capitalism has brought more people out of poverty than any other system. The countries without strong capitalistic backgrounds end up being amongst the poorest in the world. You wanna talk USA that’s fine we can act like no other countries use capitalism. Where do you want to draw the poverty line? If we assembled the wealth of our poor and made them a country they would still be one of the wealthiest countries in the world. Our poor are so much better off than most other countries that I need to know what you want to lift them too, and how you plan to pay for it without the money the capitalists make?
@Implicit88, what the heck are you talking about? Inverted pyramid? The whole point of capitalism is that the wealth isn’t distributed. It’s earned. The reason why more people are poor in the USA today than 20 years ago (which I don’t even think is the case, I’d need to see the data on that) is because ever more people are dropping out of high school and refusing to get jobs.
There isn’t a finite amount of jobs going around and when they’re gone, they’re gone. You find a niche, a product to be sold or a service, and you fill that niche. People are creating new companies literally all the time.
The poor population is also increasing because the total population is increasing. In addition, it’s rarely high class families having 5+ children, that’s usually the low income neighbourhoods that see that kind of rapid expansion.
@I Are Lebo, the issue with capitalism is that people or institutions who have the means of production (the haves) systematically oppress those who only have their labor to offer (the have nots). The haves will pay the have nots as little as possible, but enough to reproduce the worker or have not the next day to maximize their capital. Refer to sociological Karl Marx if you want to know more. He is incredibly misinterpreted
@I Are Lebo, really an infinite amount of jobs? There is something called the unemployment rate and things such as underemployment. Inverted pyramid is the same thing as saying a pyramid scheme. People and wealth are inversely proportional as you go up the pay scale to the point where over 90% of the wealth is held by less that .5% of people. The thing is that pay isnt earned based on production. Production has increased while wages decreased. This means companies make more money off you while they pay you less. Being poor has a lot to do with external forces, it is much harder to leave poverty than enter due to the cost of simply being poor. Their is a fee on poor people that has trickled into their lives due to laws (racially driven) that created gentrification, paid bails, fines for not paying fines and so forth. Again good paying jobs are limited. $12+ an hour means out of poverty line however minimum wage is much lower than that in many states.
@BigJohnson86, being poor is relative. Someone making $50k a year will be poor in a big city but could be well off in a little city. Looking just at wage and not the proportional cost of living is just disingenuous. Also note that usa is about the tenth riches nation in terms of per capita gdp. Capitalism does not raise the poor, minimum wage does. In the far past wages went up by law, it has been 9 years since the last federal minimum wage increase. Even then they have failed to keep up with inflation. The only reason we have been able to keep this up as a nation is due to outsourcing, however, if this ends the economy will be decimated.
@Implicit88, lol. Your point about minimum wage is grossly misinformed. The wealthiest countries have no minimum wage or it’s so low you’d be offended. For example Kuwait is the richest country that’s not just a city. Their minimum wage is about $198. That’s per month. The richest Western country(Switzerland)has no minimum wage.
That doesn’t even go into the economics of it. If you raise the minimum wage companies will then raise the price of everything since everything will cost more for them to produce and now people above minimum wage will descend into poverty because they didn’t get a raise. The only way to keep costs the same will be to automate and mass firings for unskilled labor which will have the opposite effect on raising the poor up.
The reason the economy still functions is because billionaires pay so much tax we can fund welfare and food stamps to house and feed the poor. Then they reinvest their money to make new products which makes more jobs and money.
@Implicit88, at the very least your wrong about the inverted pyramid. If it was an inverted pyramid it would be a good thing. An inverted pyramid would be alot of rich people a medium amount of middle class and a very small amount of poor.
@Wankershim, I think the basest problem with that theory(and Marx in general) is the assumption that the “have nots” are trapped in their station, and can never become “haves”, despite that being hilariously false. Most everyone in my family grew up poor, including myself for the first 5ish years of my life. My parents made good decisions, struggled a bit for a couple of years while things worked out, and now we’re pretty comfortably middle class.
Marx assumes that all people not born into wealth are destined to become wage slaves, and despite these ideas being spouted more than 100 years ago in a different country where the macroeconomics were completely different than they are here and today, somehow people still think that those ideas have any merit.
@Wankershim, Marxism is responsible for the deaths of hundreds of millions of people. If you are legitimately supporting the idea of Marxism you’re an idiot. I really can’t stress this enough. Marxism is a fantasy about utopia that can only exist on top of the mass graves of anyone who disagrees.
@Implicit88, you thinking the existence of unemployment is a counter argument to the FACT that the number of possible careers and jobs are not finite shows your lack of understanding of the issue. There is not a finite amount of possible jobs when you factor in self employment.
Capitalism is not a pyramid scheme, another topic you clearly do not comprehend properly. The majority of resources are always held by a tiny percentage. That’s a fact of life, not of capitalism. The majority of production is done by a tiny percentage of the population.
Being poor has everything to do with personal choices. Everything. If you graduate high school, get regular employment, and don’t have children out of wedlock, statistically speaking you will not be in the low class by the time you retire.
As for fees on poor people, citation needed. That’s an absurd claim.
You would benefit from educating yourself on this topic instead of talking out of your ass. Poverty IS relative. And by global standards,
the poorest of Americans are wealthy.
Praise capitalism! Fúck the greedy evils of socialism and communism!
@Dephenistrator, hold up there buckaroo
@Dephenistrator, no, you don’t understand, that wasn’t *real* communism.
Now, if *I* was the transitional dictator...
@communistcat, I don't know why your a communist and a cat. Usually the only way those two things go together is when the economy collapses under real communism and they eat all the cats?
@Dephenistrator, that communism in russia was capitalism at heart
@communistcat, slap my salami this guy is a commie
who would have guessed
@Church of Kizuna Ai, yes i suprised everyone
@communistcat, it is always the ones you don't suspect
@Church of Kizuna Ai, yes
@communistcat, how do you figure that the USSR was capitalist?
@I Are Lebo, because to be honest like capitalism its massively flawed
@communistcat, do you realize why that statement was nonsensical?
What you said amounted to “communism is flawed, and capitalism is flawed. Therefore, communism is capitalism.”
You can take your communism and socialism and shove them up your..
@ericthegreat, massive communal burial sites?
Remember the gulag
@haarknir, remember remember the fifth of November
🤮 ugh not now
It’s funny because of the F word.