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Poverty may always be a relative phenomenon (even in Cuba) but there has been no better system to lift people out of the life-threatening effects of abject pove
by webXL 11y ago
Poverty may always be a relative phenomenon (even in Cuba) but there has been no better system to lift people out of the life-threatening effects of abject poverty than capitalism. In fact, you cannot have a success with socialism without a large number of wealthy (or well-off) people to tax, and a society cannot tax itself to prosperity.
> I live in a smaller house and have no car. But I have no financial worries like them. I have long vacations, I am not constantly overworked. I don't worry about health care insurance, saving for college education to my kids, getting fired.
In America, we trade stability for social mobility (probably truer before the WWII), and our government promotes car and home ownership, but I doubt those were tradeoffs you made for longer vacations and "free" health care and education. We became more socialist and fascist after WWII and during the Cold War, but we've still managed to maintain steady income growth for average Americans, despite what the media would have you believe with "household income": http://politicalcalculations.blogspot.com/2012/12/the-discovery-of-unseen.html#.VwvIxxMrIQ8 http://politicalcalculations.blogspot.com/2012/12/the-discov...
Poverty will always be with us, but there are plenty of things our bureaucrats can give up to fight it better. Our federal government has more or less the same number (very few added in the last 100 years) of representatives despite our population tripling. This system has become more susceptible and beholden to corporate interests, including media corporations that promote stories like this one and the problems and divisions in our society without any context of our achievements and commonality. This promotes bandaid and politically expedient half-measures that only make the problem worse in the long-run.
- mahranch 10y ago> In fact, you cannot have a success with socialism without a large number of wealthy (or well-off) people to tax, and a society cannot tax itself to prosperity. And you can't have success with capitalism without a healthy and prosperous working/poor middle class to be your consumers. I'm thinking of democratic socialism. It's capitalism with a heavy emphasis on welfare and super strong social safety nets. If you look at the quality of life index (the "where-to-be-born" index), you'll see that the top 10 countries all employ a form of democratic socialism. That's saying something right there.