2006-10-19 08:55:05 · 7 answers · asked by Steve B 1 in Social Science ➔ Economics
In a way yes. There will always be people willing to take risks that get rewarded, and there are always people that are lazy who will be poor.
2006-10-19 09:03:21 · answer #1 · answered by Nelson_DeVon 7 · 0⤊ 1⤋
All economic systems must require a poorer class. Even the most level systems such as communism guaranteed mass poverty. The mathematical principal called the "well ordering" principal guarantees a poorer class. Further the natural nature of the demand curve forces a poorer class. All systems are physically bound to have a natural ordering. Capitalism permits the redefinition of poverty. Poor in America in 2006 look nothing like the poor in America in 1810.
2006-10-19 22:43:35 · answer #2 · answered by OPM 7 · 0⤊ 0⤋
The only alternative to there being a "poorer class" is that everyone be equally wealthy. The only way to do that is to take from those who have and give it to those who do not. That is called theft or, in "politically correct" circles, "social justice."
It is not capitalism that causes a poorer class, it is natural law.
2006-10-19 17:41:31 · answer #3 · answered by DancesWithHorses 3 · 0⤊ 0⤋
My answer is, Yes. You will always find some that have and some that don't. You will also find that individually in life as in capitalism you are alway trying to better yourself. Trying to make sure that the next minute of your life was better than the minute before. People and companies live off each other. Those that have the ability to to create some thing that the other can't will have an opportunity to live off the other if they want what you have or appreciate your talent.
2006-10-19 22:11:07 · answer #4 · answered by uglyboy 1 · 0⤊ 0⤋
Yes. In capitalism, profit is generated by the poorer class, for the owning class. If owners could not profit from the surplus labor of their workers, they would not bother being owners.
2006-10-19 16:04:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes, capitalism is inherently exploitative. The Capitalists drive for profit, and more profit, can only be realized by raising the rate of surplus value- that is the difference between the value of labor power and the value created by the worker.
2006-10-21 07:08:05 · answer #6 · answered by dream reality 2 · 0⤊ 0⤋
unlimited-fortunes capitalism & communism both ensure poverty [underpay, slavery, wageslavery, war, crime] and tyranny [overpay, overpower, state terrorism, war, crime], decline & fall of states
limited-fortunes capitalism [founding fathers capitalism] ensures democracy & liberty, no tyranny & no poverty, no decline & fall of states
see my other answers for further information
2006-10-19 16:34:37 · answer #7 · answered by Anonymous · 0⤊ 0⤋