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Care to provide any evidence for this astounding claim?
Because clearly some experts disagree.
Do you think a leftist Sociologist is an economics expert? I read his essay and it was filled with emotional tomes and false economic conclusions about poverty. He is no expert.
Moreover, it's actually trivially and mathematically provable to establish that capitalism creates poverty. First, let's define poverty as "an inability to afford basic goods such as food, shelter, and clothing."
No it is not; and claims of this ignorant magnitude are made in a vacuum of reality and the facts.
Poverty can be directly attributed to a lack of education, drug use and single parent families. It has NOTHING to do with capitalism, but rather personal responsibility and behavior.
But you’re a poorly informed leftist inclined to parrot moronic leftist talking points; how could you possibly comprehend the difference.
Let's also take some basic math into account: 1x7=7. 2x6=12. 3x5=15. 4x4=16. 5x3=15. 6x2=12. 7x1=7. This series pretty clearly shows that when it comes to multiplying two values that are inversely related, the optimal result is always in the middle of each of those two values.
A leftist that does simple arithmetic; I am impressed.
Then, let's look at how capitalists price goods. Keep in mind, I'm an entrepreneur and a capitalist,
How so; because you claim you are? From your posts, you sound like a typical clueless professor in a university that has never had a real job one day of your life.
..so I'm not dissing here, just pointing out facts. In an ideal free-market situation, a capitalist has the option of setting whatever price he or she thinks is appropriate, and consumers can choose to purchase or not.
We don’t live in an ideal world; we live in a real world. In the REAL world, the capitalist researches what it will cost to produce that good or service and what price they think the consumer would be willing to pay based on market occurrences existing at the time. If the costs exceed the possibility of profit, they won’t produce it.
A capitalist who sets the price too high will find that they have very few customers and (high x very few) is not as much cash as (moderate x a lot). So, they'll generally lower their price so that more people can afford it.
Amusing claim; but not reality by any stretch of your leftist imagination. The capitalist who manufactures a product only to find that his product will not sale at a competitive price will not be in business for long; unless like Tesla and Solyndra you can get a moron like Obama to force the Government to throw away taxpayer money which merely postpones eventual bankruptcy.
BUT! If the goods are priced too low, they'll rapidly reach the point where their profit margin is too slim to continue doing business. And, because of the way multiplication works (low x too many) is actually less than (moderate x a lot), even if you discount the cost of creating your goods. So naturally, prices for goods drift over time toward the peak, wherein prices tend to be at the limit where a large (but not all) amount of people are able (and willing) to pay the price given, and the price is somewhere distinctly above the cost of creating the goods, but not so high that only a slim few people are willing to buy it.
Now, even your willfully-blind ass cannot ignore the simple logic that the prices that 'most' people are willing and able to pay -- the ones that free markets gravitate towards -- by definition leave some people who are unable to pay. The people who are unable to pay for goods like food and clothing and shelter meet the standard definition of poverty above, and that class is priced out of those goods precisely by the system called 'capitalism.'
This truly has to go down as one of the dumbest posts in the history of man; truly you are a clueless idiot of epic proportions.
I am amused by the desperate effort to suggest that it is the price of goods that makes people poor. You give dullard a really bad name.
It’s official; you really are THAT stupid.
So not only CAN capitalism create poverty, it NECESSARILY creates poverty as a part of it's basic function.
Wrong dimwit; your moronic treatise above merely illustrates what an incredible moron you really are.
The reason people are poor has nothing to do with prices you dullard; it is about education, personal responsibility and environment.
Prices can’t make you poor; a lack of income makes you poor you dimwit.
Now, let's see if this time you can actually debate instead of just typing the same boring few meaningless insults over and over again.
Now let’s see if next time, you can truly think and make an argument that is not a laughably stupid one that doesn’t deserve to be mocked for the ignorance and stupidity it represents.
Yes, you really are incredibly stupid.
