this post was submitted on 28 Sep 2025
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Perhaps that is true. But the system capitalism thrives on created poverty. Thus, cause and effect become indistinguishable.
https://www.ecosia.org/search?q=walmart+welfare+workers
Regional effects may be to blame, like famine of old, for sure. But in the modern world, capitalism blocks attempts to end poverty, by all means possible: wage suppression, lobbying against health care reform, and against consumer advocacy, and against unions, just to name a tiny fraction.
Billionaires can't exist without poverty. Buying power demands this. Consumers only spend so much, can only spend what they earn.
Profit comes only from the spending power of the masses, as a general rule. To take a greater share, someone has to take a lesser share.
Fantasies abound of a financial world where this rule does not apply, yet all but a smidgeon of finance rests on commodities, utilities, rent, and consumer spending, sitting at the bottom of the pyramid of cards, or maybe just a scheme.
More markets? More growth. Sure, let's see that end poverty. The end of poverty is to lessen the share of the rich. It is just common sense.