this post was submitted on 22 Jul 2023
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Capitalism causes poverty?
History would suggest otherwise.
It really wouldn't, no. Capitalism inevitably leads to resource hoarding, which leads to resource scarcity aka poverty.
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.
Markets not= capitalism. Try again.