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You're thinking of industrialization. Capitalism systematically creates poverty both between countries (by extracting wealth from poorer countries) and within

You're thinking of industrialization. Capitalism systematically creates poverty both between countries (by extracting wealth from poorer countries) and within countries (by systematically depriving low income earners of adequate resources).

imtringued 5y ago
>Capitalism systematically creates poverty both between countries (by extracting wealth from poorer countries) and within countries (by systematically depriving low income earners of adequate resources). This is the first time I have heard this. Usually the argument is that globalization creates a world middle class and drags each countries' middle class toward that world middle class. The world middle class is wealthier than the Chinese middle class so they get pulled up. The world middle class is less wealthy than the American middle class so they get pulled down.