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?

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

    Quote Originally Posted by spud_meister View Post
    Which is why you need governemnt to temper capitalism.
    I agree with reservations. Using minimum wage and forcing adoption of insurance and use of regulation can be done in varying degrees. The absence of these is one extreme where you find abuse. The imposition of these in excess also hurts the system. A balanced approach must be used. One non government example is unions. Detroit has lost its position of dominance because it is too expensive to build cars with union labor. And so the union members end up losing their jobs, which seems worse than holding jobs for less pay and benefits.

    Regulation tends to make entry into markets for new companies to difficult. Its side effect is that it protects existing companies from competition, forcing prices to remain inflated.

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

    Quote Originally Posted by Winston Smith View Post
    But sanitation workers are paid rather well to take out the trash, aren't they?
    I was thinking more about the office cleaning staff.

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

    Quote Originally Posted by megaprogman View Post
    The problem with this idea is that the market will always price some jobs cheaply, thereby forcing someone to be poor (even if we all had MIT quality educations and were highly motivated, someone has to take out the trash). While your statement works fairly well when talking to individuals, it does not work when you look at the system as a whole.
    I disagree with the sentiment that it forces one to be poor. But there will clearly be some who are poor, looking at the system as a whole. It does not eliminate the poor. It does change the definition of what poor is. As I said, most poor have tvs, computers, cars, apartments, educational opportunities.

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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.. so your corperations arn't profiting from paid "slave" labor in third world countries? The absence of democracy does not matter to capitalism. Capitalism and democracy arn't the same thing.
    Nor are capitalism and profiteering the same thing, as I mentioned. Yes, our corporations are essentially profiting from slave labor. That doesn't make slavery a form of capitalism.

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

    Quote Originally Posted by Winston Smith View Post
    Nor are capitalism and profiteering the same thing, as I mentioned. Yes, our corporations are essentially profiting from slave labor. That doesn't make slavery a form of capitalism.
    Slavery is a form of capitalism, it treats humans as a resource. As a form of capital.
    So follow me into the desert
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    Where the moon is glued to a picture of heaven
    And all the little pigs have God

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

    Quote Originally Posted by Winston Smith View Post
    Nor are capitalism and profiteering the same thing, as I mentioned. Yes, our corporations are essentially profiting from slave labor. That doesn't make slavery a form of capitalism.
    No they are not but it's pretty close to slave labour.. slaves don't make money at all. Certainly the profit motive.. buy low sell high is associated with capitalism. I mean what company does not have a profit motive? Supply and demand is directly motivated by the profit motive in capitalism. The companies in China are also capitalist.

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

    Quote Originally Posted by megaprogman View Post
    I was thinking more about the office cleaning staff.
    Yeah, good point. I agree that it's not a perfect system and we do need government or something to protect people on the margins.

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

    Quote Originally Posted by reefedjib View Post
    I disagree with the sentiment that it forces one to be poor. But there will clearly be some who are poor, looking at the system as a whole. It does not eliminate the poor. It does change the definition of what poor is. As I said, most poor have tvs, computers, cars, apartments, educational opportunities.
    The way I see it, you contradicted your own statement there with the acknowledgement that the system will end up making a certain percentage of the population poor.

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

    Quote Originally Posted by Winston Smith View Post
    Quote Originally Posted by reefedjib
    The fact that there is a growing gap between rich and poor, means that the rich grow more than the poor, but the poor still grow.
    I would disagree with the bolded part. It doesn't necessarily mean that. In a capitalist society everyone's wealth will tend to grow, but in the messed up version we have now it's no guarantee.
    You are kidding right? You don't see that the real wages earned by our poor has grown over the past 200 years? I wish I had the data to demonstrate it. Ok, I found a graph. The bottom 20th percentile has doubled it's income over the past 60 years.


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

    Quote Originally Posted by megaprogman View Post
    The way I see it, you contradicted your own statement there with the acknowledgement that the system will end up making a certain percentage of the population poor.
    No, my point is that the system is not making them poor.

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