Capitalism thrives on free markets, and a free market will always produce 'haves' and 'have nots'. All this talk at the G8 summits about ending world poverty seems like a complete myth, as a poor country is only defined as being poor in relation to wealthy nations, and no leader of a wealthy capitalist nation is going to erode its own nations wealth in order to make another country 'less poor'.
So, although a wealthy country may be willing to send aid to a poorer country to alleviate it's immediate suffering, unless we stop exploiting the poorer countries workforce then all this talk about ending world poverty is a complete myth. It seems that capitalism/globalization is at complete odds to ending world poverty. What do you think?
2007-06-10
23:55:59
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26 answers
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asked by
Bob Cat
1
in
Economics