Capitalism is very powerful and creates large amounts of wealth.
Capitalism does not give money to poor people.
FlaviousTiberius on
City of London* is one of the world’s richest countries
gt94sss2 on
It’s basically because they are using “relative poverty” to measure it, which is impossible to eliminate due to its definition.
The children are not living in absolute poverty which is what most people think when they talk of poverty.
Harmless_Drone on
Because wealth and income increases don’t matter when wealth and income inequality is so bad no one below the top 10% sees it.
It’s why people are, generally speaking, very tired of “we’re good for the economy” style arguments because proudly boasting that billionaires got 40% richer, or hedge funds made record profits doesn’t really make people happy with you when they’ve seen their wages fall in real terms for 5 years straight and inflation is at a record high.
Gullible_Studio_6548 on
Is poverty these days kids not having the latest technology? This article makes it sound like they live in the slums or go to school in rags. Many families struggle but I’m not sure poverty is like it was years ago.
spinosaurs70 on
Relative poverty is a terrible measure for global comparisons, let us please stop doing it.
AnninaCried on
Wealthy people can buy all the resources and then rent them to people who couldn’t.
7 commenti
Capitalism is very powerful and creates large amounts of wealth.
Capitalism does not give money to poor people.
City of London* is one of the world’s richest countries
It’s basically because they are using “relative poverty” to measure it, which is impossible to eliminate due to its definition.
The children are not living in absolute poverty which is what most people think when they talk of poverty.
Because wealth and income increases don’t matter when wealth and income inequality is so bad no one below the top 10% sees it.
It’s why people are, generally speaking, very tired of “we’re good for the economy” style arguments because proudly boasting that billionaires got 40% richer, or hedge funds made record profits doesn’t really make people happy with you when they’ve seen their wages fall in real terms for 5 years straight and inflation is at a record high.
Is poverty these days kids not having the latest technology? This article makes it sound like they live in the slums or go to school in rags. Many families struggle but I’m not sure poverty is like it was years ago.
Relative poverty is a terrible measure for global comparisons, let us please stop doing it.
Wealthy people can buy all the resources and then rent them to people who couldn’t.