Capitalism can not eradicate poverty
- Thread starter gore0bsessed
- Start date
there are many points in the article.
- david woodward, an economist, comes to the conclusion after thorough research that under our current economic system eradicating poverty is an impossibility.
- pretending it's possible to maintain the fastest growth rate sustained by the poorest 10% in our history (between 1993 - 2008 their incomes increased 1.29% each year) it would take 100 years to bring the world's poorest above the 1.25/day poverty line. even still the poorest 1% would not be out of poverty.
- howerver, thinking people have determined a more realistic $5/day as a more survivable income than 1.25/day.
so if we take that number it would take 207 years to eliminate poverty.
- right now the only strategy we have to reduce poverty is increasing the global GDP. unfortunately the poorest 60% have only received 5% of the income generated by global GDP increases, while the richest 40% have received the remaining 95% !!
- eradicating poverty would then require a global GDP growth of more than 175 times what it is currently. which means extracting, producing and consuming 175 times more commodities than we currently do. that requires an average global per capita of $1.3 million all so the poorest can earn $5/day.
- eradicating poverty is possible, it just requires the abolition most things if not everything capitalism is structured on.
- david woodward, an economist, comes to the conclusion after thorough research that under our current economic system eradicating poverty is an impossibility.
- pretending it's possible to maintain the fastest growth rate sustained by the poorest 10% in our history (between 1993 - 2008 their incomes increased 1.29% each year) it would take 100 years to bring the world's poorest above the 1.25/day poverty line. even still the poorest 1% would not be out of poverty.
- howerver, thinking people have determined a more realistic $5/day as a more survivable income than 1.25/day.
so if we take that number it would take 207 years to eliminate poverty.
- right now the only strategy we have to reduce poverty is increasing the global GDP. unfortunately the poorest 60% have only received 5% of the income generated by global GDP increases, while the richest 40% have received the remaining 95% !!
- eradicating poverty would then require a global GDP growth of more than 175 times what it is currently. which means extracting, producing and consuming 175 times more commodities than we currently do. that requires an average global per capita of $1.3 million all so the poorest can earn $5/day.
- eradicating poverty is possible, it just requires the abolition most things if not everything capitalism is structured on.
That is correct. Poverty is a requisite of capitalism. Without it who would flip your burgers for minimum wage? it is necessary to keep wages down.
And we should believe him because economics is all sciency an' stuff. Hey, numbers and everything!
Nope, it just requires slight changes in the distribution. Sane people say the way to make the house warmer is to nudge up the thermostat. Parlor pinks like you say the way to make the house warmer is to set it on fire.
Meh, who cares? You're the wildest revolutionary on the internet. And that's all you'll ever be, and the only place you'll ever be.
yes, the goal of capitalists is acquiring the most profit possible and you generally can't do that giving workers fair wages
yes, distribution changes which contradict the capitalist system.
capitalism keeps more than some poor, and the entire point of socialism is to have every living person have a high standard of living. that may require no more billionaires sitting in their mansions that are the size of islands. huge loss i know.
Difficult thing to curb societies appetite. Kinda the same as legislating morality, even amongst the legislators. Good luck with that.
nowhere
it's not something that's going to happen overnight that's for sure.
I guess its about time i started asking some questions.I do not know what the hell i am doing on these boards.I tried to find some info on how some of this works but i am ignorant as can be.Is there somewhere i can get info without bothering people with stupid questions?Any system will work with properly educated citizens.
You've used the term "global village", I narrowly avoided hurling on my keyboard.I didn't think it necessary to thumb you down, this time.
I type at a pretty slow speed and have never been in a chat room Or interactive sites much- mostly due to my ignorance and slow typing speed.
My apologies if i offended anybody -except the few "coyotes' i have come across.Ok -no more "global village' stuff -what should i call it? As to thumbing down-should i care who does or thumb somebody else?I'm a big boy and unless they are a real nuisance-i can take it.
Let me guess; the neg rep came from our beloved Walter. Neg reps are his way of conversing. It is a great honour to neg repped by such an intellectual giant. Feel blessed.
You can send a private message to the moderators, or to someone you think will answer patiently and accurately. Or you could start a thread, maybe in Members Lounge, and get advice. There would be a certain amount of the usual BS and insults, but I suspect most folk would give you sound advice in such a thread.
First of all, don't apologize for that. DB has a weird sense of humour and the rest of the time he's just kinda weird.
Secondly, if you have questions I've made a thread for newcomers and their questions here.
Canadian Content Forums -
Ask away.
Socialism and Communism and Capitalism and all material Idealogies wont work .
OPS :|
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What does a burger flipper make in the Dakotas?
Capitalism doesn't "keep" some people poor. It may make some poor depending on the choices made by those individuals.
