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Capitalism is not only successful on economic matters. Poverty, for example, got reduced significantly during the last decades.
by randiantech 7y ago
Capitalism is not only successful on economic matters. Poverty, for example, got reduced significantly during the last decades.
- jacquesm 7y agoPoverty is an economic matter if there ever was one.
- deleted 7y ago[deleted]
- modwest 7y agoThe fact that poverty exists at all when there is unfathomable amounts of wealth[1] is a glaring sign of capitalist failure. Pointing to a reduction in the rates of poverty is not proving capitalism’s success. It’s pointing out capitalism’s most damaging and least ameliorable problem: poverty! Poverty does not have to exist. Having “only” 750million people living beneath the poverty line globally (and a similar proportion in the U.S., about 11%) is not success!!! It is a mitigation of failure! [1] - One commenter on this site last week or so in the VC community commented there are “trillions sloshing around.”