• @Jackthelad
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    -1110 months ago

    Capitalism causes poverty?

    History would suggest otherwise.

    • @[email protected]
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      410 months ago

      It really wouldn’t, no. Capitalism inevitably leads to resource hoarding, which leads to resource scarcity aka poverty.

      • @[email protected]
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        10 months ago

        The life of the average person post capitalism is hundreds of times better than before it existed. Being poor now is infinitely better than being middle class 600 years ago.

        Capitalism has allowed people more freedom than ever before, because of capatilism it is more possible for the average person to take risks in new ventures without the help and approval of their lord’s. Capatilism has continuously lifted people out of poverty, my family included.

        Capatilism is a meritocracy, but even the most incompetent person is better off today than before it’s existence. Yet those who are successful and driven are given a chance to elevate their quality of life that were unfathomable to people before. It’s what my parents did, and what I watched many other people do.

        Edit: typos

        • @[email protected]
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          10 months ago

          The life of the average person post capitalism is hundreds of times better than before it existed. Being poor now is infinitely better than being middle class 600 years ago.

          You’re confusing capitalism with science/innovation. It’s a common mistake but a mistake nonetheless.

          Capitalism has allowed people more freed than ever before

          Awful grammar aside, the opposite is true: capitalism has been the main driver of enslavement, both literally and figuratively.

          because of capatilism it is more possible for the average person to take risks

          No, because of capitalism, BEING the average person rather than a rich person carries a sharply increased risk of premature death

          new ventures without the help and approval of their lord’s.

          Not true. The Lords aren’t the literal landed gentry anymore, but the economic elite and the politicians they buy control the lives of regular people even more now than feudal lords did in the middle ages. They just have a bunch of multimillionaires telling people otherwise.

          Capatilism has continuously lifted people out of poverty, my family included.

          Capitalism has impoverished many times more people than it has enriched. Capitalism didn’t lift you up, another aspect of society did, such as a social safety net, innovation, neighbours who care etc etc. All things that exist without capitalism.

          Capatilism is a meritocracy

          🤯 Ok, I’m out. I was having fun picking apart your silly misgivings, but that’s just too delusional. If you can claim THAT with a straight face, there’s definitely not enough hope for you in the short term for you to be worth any more of my time and effort. 🤦

      • @Jackthelad
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        -210 months ago

        Let’s use China as an example.

        In 1990, there were 750 million people in poverty. Then the pro-market reforms kicked in, and in 2016 the number of people in poverty has fallen to 7 million.

        • @[email protected]
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          510 months ago

          Let’s use China as an example.

          As a general rule, let’s not. Their government is a mess of conflicting elements and as such, it’s not a good example of anything

          And I’m pretty sure you’re using the statistics that says you’re not poor if your income is above $1.50/day, which is as low a bar as calling someone a model of honesty for lying less than Donald Trump 🙄