View Poll Results: Does capitalism force a percentage of a countries population into poverty?>

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Thread: Does Capitalism force a percentage of the population to live in poverty?

  1. #141
    Educator Gabriel's Avatar
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    Uncertainty can be many things.
    It doesn't help when our political leaders flip and flop over what they want to do to people in the market.
    That would be political leaders who have consulted elite economists to dictate public policy who have been free market thinkers. This mess has been caused by free marketering economics based on economic theory. It is pretty clear to see.

  2. #142
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    It should be noted that poverty is a relative concept where as absolute poverty is not. What is absolute poverty? The inability to provide the essentials to live, e.g. food, water, clothing, etc.... Absolute poverty is a trap without exogenous support, this is a necessary truth.

    Does capitalism create absolute poverty? Absolutely not. However, capitalism requires relative poverty to function; as this (relative poverty) is what sets this system apart from socialism/communism. The simple fact that some will do better than others.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #143
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    That would be political leaders who have consulted elite economists to dictate public policy who have been free market thinkers. This mess has been caused by free marketering economics based on economic theory. It is pretty clear to see.
    Erm, political leaders do not listen to economic advice like that.
    If they did, we wouldn't be doing so many stupid things, that we do.

    As an example, cash for clunkers was a classic example of the broken window fallacy.
    Not trying to pick on Obama but this is a clear example of economic stupidity.

    Politicians first and foremost goal is to, appease their electorate and political donors.
    Economic considerations come third, forth, fifth or never.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  4. #144
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    Erm, political leaders do not listen to economic advice like that.
    If they did, we wouldn't be doing so many stupid things, that we do.

    As an example, cash for clunkers was a classic example of the broken window fallacy.
    Not trying to pick on Obama but this is a clear example of economic stupidity.

    Politicians first and foremost goal is to, appease their electorate and political donors.
    Economic considerations come third, forth, fifth or never.
    lol.. not in America. They listen pretty good and hard to the greed is good economists. Deregulation was driven by free market buffs.. and it was a bi partisan effort.

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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    As an example, cash for clunkers was a classic example of the broken window fallacy.
    Not trying to pick on Obama but this is a clear example of economic stupidity.
    You can claim it to be a broken window fallacy, but the fact remains, following its conclusion, demand for automobiles continues to trend upward.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #146
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Goldenboy219 View Post
    You can claim it to be a broken window fallacy, but the fact remains, following its conclusion, demand for automobiles continues to trend upward.
    The trend would have happened anyway, people don't buy cars because there was (past tense) a credit for buying them.

    Not to mention the waste of destroying functional automobiles and the increased costs to lower income people, in the used car market.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  7. #147
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    lol.. not in America. They listen pretty good and hard to the greed is good economists. Deregulation was driven by free market buffs.. and it was a bi partisan effort.
    Most economists aren't anymore greedy than other people.
    Deregulation does not hurt, if there are multiple market participants.

    One place where deregulation can hurt, is power generation.
    Where there is one source of the product.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  8. #148
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    That isn't true either.

    Only those who cannot provide for themselves because of a mental and/or physical condition stay poor.
    They are not made poor by capitalism.
    Absent the social welfare system, they will probably die.

    Capitalism has created excess, with that comes charity.
    A voluntary social welfare system.
    I would say that your exclusions namely mental or physical weakness makes my point. They are not made poor by the capitalistic system, but under that system they can't compete and thus are made poor.

  9. #149
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by washunut View Post
    I would say that your exclusions namely mental or physical weakness makes my point. They are not made poor by the capitalistic system, but under that system they can't compete and thus are made poor.
    With any system they can be poor, lets say that there is no formalized government.
    Merely societal anarchy.
    If these people are not cared for by relatives, they will most likely, eventually die.

    It is not capitalism that condemns them but their disability, in any economic setting.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  10. #150
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    The trend would have happened anyway, people don't buy cars because there was (past tense) a credit for buying them.
    This is pure speculation.







    The Effects of “Cash for Clunkers” on the Auto Industry :: Kyle Fee :: Economic Trends :: 10.06.09 :: Federal Reserve Bank of Cleveland

    This was something i researched extensively as i am long Ford (and have been) since the beginning of cash for clunkers.

    Not to mention the waste of destroying functional automobiles and the increased costs to lower income people, in the used car market.
    The used car market (total vehicles sold) was was down an excess of 20% since late 2008, signaling a significant price reduction in the used car market. This however was nowhere near the reduction in the new car market.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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