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Triana

(22,666 posts)
Sun Jul 3, 2016, 04:41 PM Jul 2016

Poverty Has Always Accompanied Capitalism (Richard D. Wolff)

Hailed by Cornel West as "the leading socialist economist in the country," Richard D. Wolff paints a very different picture of the global economy to that offered by mainstream commentators. His new collection, Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown, covers the failures of neoliberal policies and austerity, the massive upward transfer of wealth in this latest stage of capitalism, and more.

The following is a Truthout interview with Richard D. Wolff about Capitalism's Crisis Deepens.

Mark Karlin: Let's start with the a statement from the preface of your book: "Questioning the capitalist system, let alone discussing system change, simply does not occur to mainstream academics and the journalists and politicians they trained. Such discourses are repressed." How is an open public discussion of capitalism stifled?

Richard D. Wolff: What economic theory Americans learn comes mostly - directly or indirectly - from college and university teachers: their classes, the textbooks they write, the journalists and politicians shaped by them, etc. The substance of the mainstream economics delivered in these ways is this: economics is a basic science that explains how the economy works. By "the economy" is meant modern capitalism as if (1) nothing else, no other system, was of interest today (other than for historians) and (2) no alternative ways of theorizing, thinking about economies, exist or are worth considering. Indeed, most mainstream textbooks have the word "economics" in their title as if no differentiating adjective (such as neoclassical or Marxist etc.) needs to be added to let readers know which among alternative theories was being used by the author. The mode of repressing critical theories of capitalism and serious and sustained discussions of alternative systems in the US is chiefly by acting as though such theories and alternatives are not there. Denial rather than critical confrontation and debate is the norm.

Most non-economists only have a rather vague notion of capitalism. In the US, for the sake of argument, let's state that most Americans associate capitalism with freedom. Does capitalism actually have anything to do with ensuring a free society?

Capitalism usually overthrew its predecessor system (often feudalism, sometimes slavery or still others) violently and accompanied by slogans of "freedom" as in the French revolution's "liberte, egalite, fraternite" or Lincoln's "Emancipation Proclamation." Capitalism represented itself as freeing serfs, slaves, etc. Freedom became capitalism's self-celebration which it largely remains. Yet the reality of capitalism is different from its celebratory self-image. The mass of employees are not free inside capitalist enterprises to participate in the decisions that affect their lives (e.g., what the enterprise will produce, what technology it will use, where production will occur, and what will be done with the profit workers' efforts help to produce). In their exclusion from such decisions, modern capitalism's employees resemble slaves and serfs. Yes, parliaments, universal suffrage, etc. have accompanied capitalism - an advance over serfdom and slavery. Yet even that advance has been largely undermined by the influence of the highly unequally distributed wealth and income that capitalism has everywhere generated.


THE REST:

http://www.truth-out.org/opinion/item/36662-poverty-has-always-accompanied-capitalism
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Poverty Has Always Accompanied Capitalism (Richard D. Wolff) (Original Post) Triana Jul 2016 OP
What system doesnt? Eko Jul 2016 #1
Absolutely. The thesis of Richard D. Wolff makes no sense. Albertoo Jul 2016 #66
Insufficiently regulated capitalism leads to what we have now. RDANGELO Jul 2016 #2
THIS. Triana Jul 2016 #4
liberalism is supposed to be regulated capitalism...but became capitalism regulating government yurbud Jul 2016 #7
Yes. Raise minimum wage, guarantee income & housing and you effectively eliminate poverty. nt Bernardo de La Paz Jul 2016 #14
Partly. The 2008 crisis is also a YUGE factor. Albertoo Jul 2016 #67
Well, to be fair... frankieallen Jul 2016 #3
And what role has the US Empire played in keeping Latin America guillaumeb Jul 2016 #6
None. former9thward Jul 2016 #32
That's not quite right, bit thanks for playing. Exilednight Jul 2016 #33
Excuses for failures. former9thward Jul 2016 #36
Those aren't excuses, those are facts. Exilednight Jul 2016 #40
They had 50 years to recover, yet they didn't frankieallen Jul 2016 #44
It's pretty funny. linuxman Jul 2016 #71
Where to start? guillaumeb Jul 2016 #60
Cuba had access to the entire world. former9thward Jul 2016 #61
Who was Cuba's largest trading partner prior to the embargo? guillaumeb Jul 2016 #64
I am wondering if a failed socialist country former9thward Jul 2016 #65
You asked a specific question. guillaumeb Jul 2016 #70
You are the loser since you back a losing economic system former9thward Jul 2016 #72
So Sweden and Denmark and Norway represent failed economic systems? guillaumeb Jul 2016 #84
None of them are socialist. former9thward Jul 2016 #87
They are all social democratic systems. guillaumeb Jul 2016 #88
Well, you are not fair. Bernardo de La Paz Jul 2016 #18
+5 appalachiablue Jul 2016 #23
Except that none of the Scandinavian countries are socialist. former9thward Jul 2016 #30
Then you can't argue that the former USSR, NK, China or Cuba Exilednight Jul 2016 #34
They certainly were/are socialist countries. former9thward Jul 2016 #47
No they're not. It's totalitarianism. There's a big difference. Exilednight Jul 2016 #50
Socialism does not mean government command and control. That's communism. Bernardo de La Paz Jul 2016 #55
+ 5. Bingo! frankieallen Jul 2016 #45
Yes they are socialist, as we use the word. Socialism is not antithetical to capitalism. Bernardo de La Paz Jul 2016 #54
No, by YOUR definition of the word. former9thward Jul 2016 #56
Nonsense. I suspect your definition is purist and extreme. Bernardo de La Paz Jul 2016 #57
Yes - they all have capitalist markets. And cars. And free health care. Hence the happiness. Jemmons Jul 2016 #78
They are small countries with almost no militaries. former9thward Jul 2016 #80
Your response is not just flawed - it is actually utter horse crap Jemmons Jul 2016 #81
Ok, you are against the military and military alliances. former9thward Jul 2016 #82
No. The point was that you have no idea what you are talking about. Jemmons Jul 2016 #83
Do you have any other examples? No? Hmm.....interesting frankieallen Jul 2016 #46
I'm not debating someone who tries to stuff words into the other guy's mouth. You can be better. Bernardo de La Paz Jul 2016 #53
All Scandinavian "socialism" - piggy-backed on pre-existing capitalist systems. jonno99 Jul 2016 #51
That's the point. Socialism and Capitalism are compatible systems. . . nt Bernardo de La Paz Jul 2016 #52
Exactly - socialism doesn't count if it is based on capitalist markets Jemmons Jul 2016 #77
Well said (no need for invasion though!) jonno99 Jul 2016 #85
Yes they do. Eko Jul 2016 #68
Recommended. Capitalists need poverty. guillaumeb Jul 2016 #5
Bingo! n/t Euphoria Jul 2016 #15
Wrong. Capitalists do NOT NEED poverty. That's stupid ideological nonsense. Bernardo de La Paz Jul 2016 #16
Many people in the US who cannot find employment or are underemployed, appalachiablue Jul 2016 #25
Yes. . . nt Bernardo de La Paz Jul 2016 #27
Capitalists need poverty and unemployment to keep workers in line. guillaumeb Jul 2016 #29
Reserve army of the unemployed daleo Jul 2016 #58
This should be the first tenet of conservative economics. eom guillaumeb Jul 2016 #63
+1 LWolf Jul 2016 #74
Marxism isn't the answer redstateblues Jul 2016 #8
Marxism isn't an economic system n/t leftstreet Jul 2016 #10
It's a doctrine developed from political, economic and social theories redstateblues Jul 2016 #28
No, it's not a doctrine - it's an analysis n/t leftstreet Jul 2016 #35
The answer is to ignore the problem on the surface, and suppress it under the surface daleo Jul 2016 #59
Poverty has accompanied every system in history Recursion Jul 2016 #9
DURec leftstreet Jul 2016 #11
It's to capitalism what fossil fuel is to climate change. rug Jul 2016 #12
No. Fossi fuel is a big cause of climate change. Poverty is not a big cause of capitalism. Bernardo de La Paz Jul 2016 #17
Poverty has always accompanied Communism Bernardo de La Paz Jul 2016 #13
Considering Communism never existed, that's a pretty neat trick. rug Jul 2016 #20
OK, play semantics. Poverty has always accompanied any attempt at Communism. Bernardo de La Paz Jul 2016 #24
I'm entirely uninterested in actually pursuing communism. Adrahil Jul 2016 #48
Can you show where it has not? Eko Jul 2016 #69
Poverty has always accompanied life. cherokeeprogressive Jul 2016 #19
When Boris Yeltsin went grocery shopping in Clear Lake: Nye Bevan Jul 2016 #21
Truthout has been disappointing for a long time bhikkhu Jul 2016 #22
That's why only capitalist countries have poverty... ileus Jul 2016 #26
And who believes this blindly joeybee12 Jul 2016 #31
pretty much every nation on earth has a mixed economy killbotfactory Jul 2016 #37
Poverty has always accompanied civilization.As Jesus noted: "The poor ye shall always have with you" Hekate Jul 2016 #38
Poverty is the default and natural human state Lee-Lee Jul 2016 #39
Poverty has always accompanied civilization. baldguy Jul 2016 #41
Let's just not deal with it then FixTheProblem Jul 2016 #42
Rape, misogyny, prostitution, abuse against women, children, appalachiablue Jul 2016 #43
Acknowledging a problem exists - and more importantly *the reasons why* it exists baldguy Jul 2016 #49
Unregulated capitalism (like we have now) does cause it. Triana Jul 2016 #90
This is an important corrective to the popular discourse about neoliberalism BainsBane Jul 2016 #62
Civilization depends on the accumulation of resources The2ndWheel Jul 2016 #75
That may be BainsBane Jul 2016 #79
This is an important conversation. LWolf Jul 2016 #73
True. It's a fact. But it's also a fact that socialism and communism, too, were always accompanied BlueCaliDem Jul 2016 #76
Mass consumerism always means there will be different levels in a society. Rex Jul 2016 #86
What have we learned? LWolf Jul 2016 #89
 

Albertoo

(2,016 posts)
66. Absolutely. The thesis of Richard D. Wolff makes no sense.
Tue Jul 5, 2016, 05:22 PM
Jul 2016

Anyway, are there any non-capitalist countries left?
Cuba? Venezuela? North Korea? in all three countries, the poor are dirt poor.

Progress is capitalism with a safety net = social democracy.

RDANGELO

(3,434 posts)
2. Insufficiently regulated capitalism leads to what we have now.
Sun Jul 3, 2016, 05:01 PM
Jul 2016

Concentrated wealth at the top, high rate of poverty and a weak middle class.

 

Triana

(22,666 posts)
4. THIS.
Sun Jul 3, 2016, 05:31 PM
Jul 2016

Totally agreed. Though I see nothing wrong with discussing and implementing a different type of economy if it would work better. And maybe another one just might. At least, capitalism must be highly and tightly regulated to force it to work for the masses, otherwise.

yurbud

(39,405 posts)
7. liberalism is supposed to be regulated capitalism...but became capitalism regulating government
Sun Jul 3, 2016, 05:40 PM
Jul 2016

and using it as a weapon against competitors.

Regulated capitalism can only work when no business or group of businesses is more powerful than the government.

That sounds simple but is tough to accomplish when business can offer so many financial and other inducements to elected officials and bureaucrats to make them violate that principle.

former9thward

(32,077 posts)
32. None.
Sun Jul 3, 2016, 09:43 PM
Jul 2016

Cuba has been able to trade with any country in the world except the U.S. Castro has lied to his people for 50 years claiming the U.S. is blockading the island. That is a lie. Valenzuela slid into a basket case all by itself. Socialist countries always have to have an outside enemy to blame their failures on.

Exilednight

(9,359 posts)
33. That's not quite right, bit thanks for playing.
Sun Jul 3, 2016, 10:07 PM
Jul 2016

There have been documented cases of the US strong-arming allies, like GB, from pursuing large scale corporate investments.

Cuba's biggest economic windfall, pre-embargo, was US tourism.

When the world's largest economy freezes you out, you're going to suffer.

 

frankieallen

(583 posts)
44. They had 50 years to recover, yet they didn't
Mon Jul 4, 2016, 02:22 PM
Jul 2016

According to some in this thread, Cuba is unable to improve its poverty situation without help from the American capitalist.
yet capitalism is somehow inherently evil to the blame America first crowd

guillaumeb

(42,641 posts)
60. Where to start?
Tue Jul 5, 2016, 04:25 PM
Jul 2016

1) The US exercised an economic and political embargo on Cuba to punish the Cubans for daring to nationalize US interests.

2) Venezuela, like every other South and Central American country, has been the subject of numerous US interventions, both covert and overt.

Google "Monroe Doctrine" and explain to me the legal justification for it.

former9thward

(32,077 posts)
61. Cuba had access to the entire world.
Tue Jul 5, 2016, 04:32 PM
Jul 2016

It is a basket case because of a socialist dictatorship. When did we invade Venezuela?

guillaumeb

(42,641 posts)
64. Who was Cuba's largest trading partner prior to the embargo?
Tue Jul 5, 2016, 04:45 PM
Jul 2016

As to Venezuela:



It's been over a decade since a U.S. sponsored coup temporarily overthrew Venezuela's democracy, and Washington is still plotting.

The United States has a long history of interfering in Venezuela.

Shortly after being returned to power by popular force in April 2002, then president Hugo Chavez quickly warned the United States was already planning its next move. Chavez had been ousted from office for just under two days in early April, in a coup carefully choreographed by Venezuela's business elite, renegade military elements and the United States.

By early October, 2002, Chavez announced Venezuelan authorities had already uncovered another coup plot. Two weeks later, Chavez narrowly escaped an assassination attempt. The attempt appeared to coincide with anti-government protests.

Then, as U.S. president George W. Bush entered his second term in 2005, Washington appeared to redouble its efforts to remove Chavez. A month after Bush was sworn in for a second time, Chavez said his government had uncovered another assassination plot. The plot was uncovered just weeks after then U.S. secretary of state Condoleezza Rice described the Venezuelan leader as a “destabilizing force.” In September that year, Bush again lashed out at Venezuela, accusing the country of failing in its fight against the narcotics trade.

Another major coup plot was foiled in 2006, when Venezuelan authorities said they found evidence the U.S. embassy in Caracas had been secretly collecting military information. That same year, the Department of State began barring certain arms sales to Venezuela. This was the beginning of what would later become a key pillar of U.S. policy towards Caracas – sanctions.

In 2011, state oil company PDVSA was hit with U.S. sanctions, while in 2013 state arms manufacturer CAVIM was also sanctioned. More sanctions were imposed in late 2014 against Venezuelan government officials. Then in March 2015, U.S President Barack Obama issued an executive order imposing another round of sanctions, and describing Venezuela as an “unusual and extraordinary threat” to the United States. This was the most controversial round of sanctions, and sparked widespread condemnation in the region. The Obama administration was eventually pressured into admitting Venezuela doesn't pose a threat to the United States, though the sanctions remained in place.

The evolution of economic pressure on Venezuela is perhaps the most striking example of the continuity of Venezuela policy between the Bush and Obama administrations. However, this overt aggression against Venezuela has likewise been accompanied by a continuous campaign of subversion, largely in the vein of U.S. activities in the lead-up to the 2002 coup.

Much of this took place through groups like USAID, the U.S. National Endowment for Democracy (NED) and the Office of Transition Initiatives (OTI).

In a 2006 diplomatic cable made public by WikiLeaks, then U.S. ambassador William Brownfield said both USAID and OTI were playing central roles in a strategy to oust Chavez.

“This strategic objective represents the majority of USAID/OTI work in Venezuela,” Brownfield wrote at the time.

According to investigations by the U.S.-Venezuelan lawyer Eva Golinger, Between 2004 and the time of the cable's initial, secret publication in 2006, USAID spent close to US$15 million on operations in Venezuela. Much of this involved supporting around 300 so-called civil society groups – largely a collection of far right, anti-government groups. One prominent recipient of U.S. funding was Sumate, an anti-Chavez political group founded by right-wing firebrand Maria Machado. Machado was a signatory of the Carmona Decree – the political manifesto of the short-lived 2002 coup government. The fact that one of the key recipients of U.S. aid was a coup plotter has led many in Venezuela to accuse USAID of being opposed to democracy.

The latest information available suggests USAID's annual budget for Venezuela was over US$5 million, despite the fact that foreign funding of political activities was banned in Venezuela in 2010. The banning was condemned by the U.S. Department of State, despite the fact the United States has a similar law against funding of political campaigns.

The key factor making such a move even more rational in Venezuela is the fact that unlike the United States, Caracas is still facing coup attempts backed by a foreign belligerent. In early 2015, the Venezuelan government uncovered yet another brewing coup attempt. This time, plotters being paid in U.S. dollars were planning to incite street violence, then carry out a series of coordinated bombings targeting key government sites. President Nicolas Maduro accused opposition leaders of mostly being aware of the plot well in advance, and said the plan was aimed at culminating in the collapse of his government.

As new elections approach on Dec. 6, concern is again mounting that Venezuela's opposition could be planning more destabilization. However, it's unclear which route the United States will take. Will Washington continue its simmering campaign of underhand destabilization, or will it opt for another open coup attempt like in 2002?
http://www.telesurtv.net/english/analysis/Tracking-US-Intervention-in-Venezuela-Since-2002-20151117-0045.html

And this is only since 2002. There were many interventions prior to that.

former9thward

(32,077 posts)
65. I am wondering if a failed socialist country
Tue Jul 5, 2016, 05:16 PM
Jul 2016

will ever accept any blame for its conditions? Probably never. Always have to blame their failures on someone else.

guillaumeb

(42,641 posts)
70. You asked a specific question.
Wed Jul 6, 2016, 11:42 AM
Jul 2016

I replied with actual fact to your question.

You totally ignored the facts I raised because:

1) You cannot rebut the facts, and/or
2) Avoidance is your preferred tactic when you are losing.

I choose 1 and 2.

former9thward

(32,077 posts)
72. You are the loser since you back a losing economic system
Wed Jul 6, 2016, 12:22 PM
Jul 2016

that has miserably failed everywhere it has been tried. The only way it stays in power is through dictators who kill or imprison any opponents. That is a fact which you ignore and avoid.

guillaumeb

(42,641 posts)
84. So Sweden and Denmark and Norway represent failed economic systems?
Wed Jul 6, 2016, 08:15 PM
Jul 2016

And Canada also?

All are far more socialistic than the US and in better economic shape.

former9thward

(32,077 posts)
87. None of them are socialist.
Thu Jul 7, 2016, 03:52 AM
Jul 2016

Except in your own self defined mind. All those countries are capitalist market based economies. Sorry to bring reality to your universe.

guillaumeb

(42,641 posts)
88. They are all social democratic systems.
Thu Jul 7, 2016, 11:52 AM
Jul 2016

Capitalism is a failed system for the bottom 90% and a huge success for the top 10% and a massive success for the top 1/10th of the top 1%.

former9thward

(32,077 posts)
30. Except that none of the Scandinavian countries are socialist.
Sun Jul 3, 2016, 09:35 PM
Jul 2016

They are capitalist market based economies. They are social democratic countries which is not socialism by any accepted definition.

Exilednight

(9,359 posts)
34. Then you can't argue that the former USSR, NK, China or Cuba
Sun Jul 3, 2016, 10:10 PM
Jul 2016

Are socialist countries. They're totalitarian.

The only true socialist country to have ever exist was?

former9thward

(32,077 posts)
47. They certainly were/are socialist countries.
Mon Jul 4, 2016, 02:34 PM
Jul 2016

In those countries the government owns and controls the economy. The government makes all the major economic decisions in the country. They own the industries. None of that is true in Scandinavia.

Exilednight

(9,359 posts)
50. No they're not. It's totalitarianism. There's a big difference.
Mon Jul 4, 2016, 05:11 PM
Jul 2016

Socialism does allow for private corporations, to varying degrees.

Bernardo de La Paz

(49,036 posts)
55. Socialism does not mean government command and control. That's communism.
Mon Jul 4, 2016, 06:16 PM
Jul 2016

Socialism means heavy government involvement (regulation, some state owned strategic sectors, some state ownership of stock, lots of social programs, lots of social services that are well funded).

It does not mean that the government sets prices.
It does not mean that the government chooses winners and losers over and above the marketplace.
It does not mean that the government rations basic products.
It does not mean that the government assigns workers to jobs.

All those actions are the hallmarks of fascism and authoritarianism and totalitarianism.

Bernardo de La Paz

(49,036 posts)
54. Yes they are socialist, as we use the word. Socialism is not antithetical to capitalism.
Mon Jul 4, 2016, 06:10 PM
Jul 2016

Yes, they are socialist by the commonly used definition of the word: They have a large variety of well provisioned social programs provided by the government and not left to charities or 'industry'.

No, they are not "socialist" in the communist sense of the word.

former9thward

(32,077 posts)
56. No, by YOUR definition of the word.
Tue Jul 5, 2016, 02:28 AM
Jul 2016

Socialists love to make excuses of the failure of socialism. And then they point to non-socialist counties as successes.

Bernardo de La Paz

(49,036 posts)
57. Nonsense. I suspect your definition is purist and extreme.
Tue Jul 5, 2016, 06:50 AM
Jul 2016

Here is a broadly accepted definition, pretty much as I stated:

Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production;[10] as well as the political ideologies, theories, and movements that aim at their establishment.[11] Social ownership may refer to forms of public, collective, or cooperative ownership; to citizen ownership of equity; or to any combination of these.[12] Although there are many varieties of socialism and there is no single definition encapsulating all of them,[13] social ownership is the common element shared by its various forms. {Wikipedia}


Jemmons

(711 posts)
78. Yes - they all have capitalist markets. And cars. And free health care. Hence the happiness.
Wed Jul 6, 2016, 03:47 PM
Jul 2016

But they are ruled by socialist principles, they have redistribution of wealth, free education systems, a huge public sector, state owned and driven media and high voter participation. So the fact that the businesses are well oiled capitalist machines does not really matter so much - does it?

Unless you get your proportions right about this you will never understand what makes these countries so much better of than the rest of the world.

former9thward

(32,077 posts)
80. They are small countries with almost no militaries.
Wed Jul 6, 2016, 04:38 PM
Jul 2016

They have enjoyed our protection, paid or by U.S. taxpayers, for 70 years now. That is why they have many of the things you mention -- not because they are "ruled by socialist principles".

Jemmons

(711 posts)
81. Your response is not just flawed - it is actually utter horse crap
Wed Jul 6, 2016, 05:34 PM
Jul 2016

You confuse having the means with making the choice of what to spend the means on. Having the same kind of discretionary spending, it could had been used for tax cuts for the rich. Only you run into the fact that different principles guide the spending in these countries. Socialist principles. Principles about the well fare of the weak and poor. And less buttering the rich and the power full.

And lets us be honest here. A few wars of choice is what have cost the us taxpayers dearly. So unless you are saying that Saddam had a secret plan to invade Sweden I cant really see why any military alliance is relevant.

former9thward

(32,077 posts)
82. Ok, you are against the military and military alliances.
Wed Jul 6, 2016, 06:00 PM
Jul 2016

Just say that. I doubt your "socialists" in Scandinavia would agree. I am against a huge military but neither party agrees with that. But you can't have a huge military budget and a hue social welfare net.

Bernardo de La Paz

(49,036 posts)
53. I'm not debating someone who tries to stuff words into the other guy's mouth. You can be better.
Mon Jul 4, 2016, 06:08 PM
Jul 2016

Really, what kind of crap tactic is that you are using? Ask a question, and before the other person can answer, you claim they haven't answered.

Yes, I can provide other examples, but no, you have proven you are not interested in any answer so ... goodbye.

jonno99

(2,620 posts)
51. All Scandinavian "socialism" - piggy-backed on pre-existing capitalist systems.
Mon Jul 4, 2016, 05:25 PM
Jul 2016

Can you provide a modern example of a successful socialist system that was purely socialist from the beginning?

Jemmons

(711 posts)
77. Exactly - socialism doesn't count if it is based on capitalist markets
Wed Jul 6, 2016, 02:58 PM
Jul 2016

Last edited Wed Jul 6, 2016, 05:38 PM - Edit history (1)

or on traditional farming. Or if the socialist government lets people learn skills used in capitalism. Also you cannot use capitalists computers if you are real socialists. And no sex!

Real socialism is made from unicorn dust and rainbows. If the scandinavians are happy it is only because they have stolen from from the capitalist nations. Can we invade now?

guillaumeb

(42,641 posts)
5. Recommended. Capitalists need poverty.
Sun Jul 3, 2016, 05:32 PM
Jul 2016

It makes workers more willing to work for less than living wages and makes it easier for the bosses to put one worker against another.

The bosses use racism, patriotism, and misogyny as a means of dividing people.

Bernardo de La Paz

(49,036 posts)
16. Wrong. Capitalists do NOT NEED poverty. That's stupid ideological nonsense.
Sun Jul 3, 2016, 06:52 PM
Jul 2016

Poverty makes FEWER people work. They drop out of the aboveground economy.

People who have a poor education and poor health make terrible workers.

appalachiablue

(41,171 posts)
25. Many people in the US who cannot find employment or are underemployed,
Sun Jul 3, 2016, 08:14 PM
Jul 2016

especially in economically distressed areas, struggle to get by through unreported ventures such as breeding and sale of puppies and animals, strip dancing and prostitution, child pornography, drug dealing and other criminal activities. The health of these Americans is also usually challenged or poor, often at a relatively young age from medical neglect or drug use that is directly related to the impoverished circumstances and precarious lifestyle of their existence. Mainstream media grossly overlooks this tragic, appalling reality that grows worse every decade in the richest country on earth.

The lifespan of residents of McDowell County, West Virginia is 18 years shorter than that of people who live 5 hours away in Fairfax County, Northern Virginia just outside the nation's capital. An hour east of Washington in de-industrialized Baltimore where unemployment is 40-50% in some neighborhoods, the quality of life and lifespan of local citizens is equally dismal.

guillaumeb

(42,641 posts)
29. Capitalists need poverty and unemployment to keep workers in line.
Sun Jul 3, 2016, 09:21 PM
Jul 2016

That is why the government, owned by capitalists, sees no need to eliminate unemployment.

And given that the top 1% have taken nearly 100% of the wealth created in the past 30 years or so, why would you think that they have any interest in helping the bottom 99%?

The 6 principal Walton heirs are worth more than the bottom 40%of American workers COMBINED. The system, as it is, works for them. They have no need to pay their workers a living wage. And the substandard wages that they pay allows many of their workers to collect state and Federal aid, effectively "externalizing" some of their labor costs onto you and me.

redstateblues

(10,565 posts)
28. It's a doctrine developed from political, economic and social theories
Sun Jul 3, 2016, 09:15 PM
Jul 2016

Of Karl Marx and Fredrich Engels and it's been a consistent failure. Wolff has been flogging that dead horse for years.

daleo

(21,317 posts)
59. The answer is to ignore the problem on the surface, and suppress it under the surface
Tue Jul 5, 2016, 12:23 PM
Jul 2016

That's what capitalism does about poverty and gross inequality.

Recursion

(56,582 posts)
9. Poverty has accompanied every system in history
Sun Jul 3, 2016, 06:27 PM
Jul 2016

It's just accompanying the current system less than any previous one.

Bernardo de La Paz

(49,036 posts)
17. No. Fossi fuel is a big cause of climate change. Poverty is not a big cause of capitalism.
Sun Jul 3, 2016, 06:53 PM
Jul 2016

Not even the other way around.

Bernardo de La Paz

(49,036 posts)
13. Poverty has always accompanied Communism
Sun Jul 3, 2016, 06:48 PM
Jul 2016

... not socialism.

You can retain Capitalism in a Socialist economy.

 

Adrahil

(13,340 posts)
48. I'm entirely uninterested in actually pursuing communism.
Mon Jul 4, 2016, 02:41 PM
Jul 2016

Dumb idea. OTOH, I do think it's worth addresssing Marx's critiques of capitalism, as I think they are often accurate.

Nye Bevan

(25,406 posts)
21. When Boris Yeltsin went grocery shopping in Clear Lake:
Sun Jul 3, 2016, 07:07 PM
Jul 2016
It was September 16, 1989 and Yeltsin, then newly elected to the new Soviet parliament and the Supreme Soviet, had just visited Johnson Space Center.

At JSC, Yeltsin visited mission control and a mock-up of a space station. According to Houston Chronicle reporter Stefanie Asin, it wasn’t all the screens, dials, and wonder at NASA that blew up his skirt, it was the unscheduled trip inside a nearby Randall’s location.

Yeltsin, then 58, “roamed the aisles of Randall’s nodding his head in amazement,” wrote Asin. He told his fellow Russians in his entourage that if their people, who often must wait in line for most goods, saw the conditions of U.S. supermarkets, “there would be a revolution.”

....

“When I saw those shelves crammed with hundreds, thousands of cans, cartons and goods of every possible sort, for the first time I felt quite frankly sick with despair for the Soviet people,” Yeltsin wrote. “That such a potentially super-rich country as ours has been brought to a state of such poverty! It is terrible to think of it.”

http://blog.chron.com/thetexican/2014/04/when-boris-yeltsin-went-grocery-shopping-in-clear-lake/

bhikkhu

(10,724 posts)
22. Truthout has been disappointing for a long time
Sun Jul 3, 2016, 07:10 PM
Jul 2016

I was a regular reader through the bush years, and especially during and after the run-up to the second Iraq war, but the the last few years it seems to only post the uselessly negative side of any "truth", and to selectively distort whatever "truth" they are looking at using the same tools as Fox news, or Hannity, or any number of other right-wing propagandists. Of course, they distort it in the politically opposite direction, but truth itself is no more the central focus than "fair and balanced" describes Fox.

So, yes, the article does state a fact. But it fails to mention that overall material wealth and physical well-being has increased massively under capitalist systems compared to prior systems (feudalism or old-style monarchy) or competing systems (communism). I'd welcome a discussion of poverty that really looked at the problem and really described workable solutions. We have millions of people in poverty in the US, what should we do, right now, within the Democratic party platform for instance, to help turn things around for people?

killbotfactory

(13,566 posts)
37. pretty much every nation on earth has a mixed economy
Mon Jul 4, 2016, 02:13 AM
Jul 2016

a major reason poverty exists is because the most powerful nations insist on it, with horrifyingly violent means as deemed necessary.

Hekate

(90,793 posts)
38. Poverty has always accompanied civilization.As Jesus noted: "The poor ye shall always have with you"
Mon Jul 4, 2016, 03:38 AM
Jul 2016

He spoke 2000 years ago as a Jew living in what was then an outpost of the Roman Empire, mightiest civilization of its time. Before that time, in that region, were other mighty civilizations. They took various forms. Would you call any of them "capitalist," or indeed any other of our modern terms?

My point is, the term "always" is pretty all-encompassing, and poverty seems to have been in existence practically forever.

 

Lee-Lee

(6,324 posts)
39. Poverty is the default and natural human state
Mon Jul 4, 2016, 06:40 AM
Jul 2016

If you look at how any of our current societies define poverty is is the natural and default state of man.

A person is born poor- they have nothing unless provided by others.

A person who does nothing will be poor unless other step in and provide.

The state you revert to if you do nothing and nobody does for you is your default and natural state.

So, by definition poverty is the default natural state of man.

The question is twofold- first is is really a must to remove poverty as we define it? Most Native American and other indigenous societies existed in wha we now would consider a perpetual state of poverty and more and more many people are realizing they had a pretty good way of doing things.

If the answer to the the first question is yes then we must determine what system of economics and society best raises everyone up from that default existence.

 

baldguy

(36,649 posts)
41. Poverty has always accompanied civilization.
Mon Jul 4, 2016, 10:35 AM
Jul 2016

To insist that it's exclusively a product of capitalism is misplaced concern at best - and myopic ideological stupidity at worst.

appalachiablue

(41,171 posts)
43. Rape, misogyny, prostitution, abuse against women, children,
Mon Jul 4, 2016, 02:14 PM
Jul 2016

and animals; incest, torture, theft; murder, slavery, genocide and many other ills have always been around. Just let it be is so much easier. And cheaper.

 

baldguy

(36,649 posts)
49. Acknowledging a problem exists - and more importantly *the reasons why* it exists
Mon Jul 4, 2016, 02:58 PM
Jul 2016

- is the first step in solving it.

Capitalism is not the reason poverty exists. Treating it as the one and only cause perpetuates poverty, it doesn't alleviate it.

 

Triana

(22,666 posts)
90. Unregulated capitalism (like we have now) does cause it.
Thu Jul 7, 2016, 03:13 PM
Jul 2016

Gross, record income inequality, poverty, are caused by unregulated capitalism - where the capitalists control the gov't(s). Like we have now. It's an issue that can not and should no longer be avoided.

False equivalency arguments ie: "well so does socialism and communism!" are irrelevant.

Democratic socialism (ie: not Marxist style - there IS a difference), reduces poverty. That is what we should all be fighting for.

BainsBane

(53,066 posts)
62. This is an important corrective to the popular discourse about neoliberalism
Tue Jul 5, 2016, 04:32 PM
Jul 2016

Which someone operates without a critique of capitalism itself. What it really objects to is not inequality or global exploitation but the relative decline of the core (Europe and the US) vs. the periphery (the Global South). Capitalism is by its very nature exploitative. It depends on the accumulation of capital based on the exploitation of labor. That was as true during the days when the US white middle-class lived in relative prosperity as today. Certainly economic dynamics have changed. We have seen a consolidation of capital, increasingly untethered from the nation state. But the exploitation and poverty itself is not new.

The2ndWheel

(7,947 posts)
75. Civilization depends on the accumulation of resources
Wed Jul 6, 2016, 02:37 PM
Jul 2016

based on the exploitation of the nature/reality/whatever you want to call it. All economic systems stem from that. None of them are going to be fair, because they all exist in physical reality, and if the planet is finite, everyone can't have everything.

Depending on who you ask, inequality, global exploitation, or relative decline of the core vs. the periphery will be the main objection, but all three(plus anything else people want to add to the list) will be happening at the same time, and all the time. Sometimes slowly, sometimes quickly, but always there.

The biggest issue isn't which economic system to use. It's the essentially unlimited human imagine vs. finite physical reality.

BainsBane

(53,066 posts)
79. That may be
Wed Jul 6, 2016, 04:36 PM
Jul 2016

but far too many imagine that exploitation and poverty is something new, unique to this particular period in time.

LWolf

(46,179 posts)
73. This is an important conversation.
Wed Jul 6, 2016, 01:43 PM
Jul 2016
In summary form, what do you say to every candidate who ran for president as a Democrat or Republican -- with the exception of Bernie Sanders (who was not running as an orthodox socialist, but still promoted dramatic change in our economic structure) -- who argue that incremental change in capitalism and Wall Street is all that is necessary to lead the US into greater prosperity and more jobs?

For at least the last 30 years, the mass of Americans has seen stagnant real wages even as labor productivity rose steadily, losses of job benefits and security, reduced public services, and a political system increasingly corrupted and compromised by inequalities of wealth and income. Incremental changes in capitalism and Wall Street accompanied every step of these declines for most Americans. Promises that those incremental changes would work to the benefit of most Americans have proven to be false. To believe them now is to have learned nothing from the last 35 years of the nation's history.

In this presidential election, there has been very little talk about poverty. How is poverty an inevitable by-product of capitalism? Doesn't this make all these charitable drives "to eliminate poverty" disingenuous because it cannot be eliminated in a capitalistic system?

Poverty has always accompanied capitalism (as Thomas Piketty's work documents yet again). As an economic system, it has proven to be as successful in producing wealth at one pole as it is in producing poverty at the other. Periodic "rediscoveries of" and campaigns against poverty have not changed that. Capitalism's defenders, having long promoted the system as the means to overcome both absolute and relative poverty (i.e. to be an equalizing system), now change their tune. They either abandon equality as a social good or goal or else try to avoid discussing poverty altogether.


Not having read the replies to this thread yet, I'll predict:

There are going to be a bunch of staunch defenders of capitalism, the system that produces poverty.

BlueCaliDem

(15,438 posts)
76. True. It's a fact. But it's also a fact that socialism and communism, too, were always accompanied
Wed Jul 6, 2016, 02:42 PM
Jul 2016

by poverty.

 

Rex

(65,616 posts)
86. Mass consumerism always means there will be different levels in a society.
Wed Jul 6, 2016, 09:17 PM
Jul 2016

Even Jesus knew this.

LWolf

(46,179 posts)
89. What have we learned?
Thu Jul 7, 2016, 02:22 PM
Jul 2016

Are we on track to change, or to stick with the status quo?

Why do you see another economic implosion, as we saw in 2008, as inevitable under the current capitalistic economic order in the US?

While "inevitable" is not a word or concept I use, my sense of what has happened in and to the US economy sees reason to believe another 2008-like implosion is quite likely. The reason is this: no real changes have been made in US or global capitalism. Corporate capitalism proved strong enough and its critics weak enough to enable the imposition of austerities as the chief policy response everywhere. So the speeding train of capitalism is "back on track," resuming its rush toward stone walls of excess debt, stagnant mass incomes, capital relocating overseas, etc. The too-big-to-fail and the too-unequal-to-be-sustained have only become bigger and more unequal. The ominous sense of impending implosion reverberates throughout the national politics and culture.
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