Is Capitalisim the answer to poverty and injustice?......?

Question

Is Capitalism the answer to the global problem of poverty?...and injustice?...why?......

Answer 1

It's naive and utopian to claim that poverty and injustice are caused by capitalism. Likewise, it's equally naive and utopian to insist that capitalism is the simple answer to social ills. Poverty and injustice have existed long before modern capitalism arose, and they exist today under pro-capitalist governments as well as those that would identify themselves as non-capitalist or anti-capitalist; these evils of social life seem to have arisen around the same time as the development of social life itself, i.e. the founding of cities. Call it what you like: human nature, the logic of collective action, etc.

Capitalism is an economic system where private citizens develop and control the machines, factories, technologies, etc., that produce most of the country's goods. By itself, this definition tells us nothing about the quality of social life in capitalist countries. 'Capitalism' is consistent with both 18th century London (child labor, seven-day workweeks, no welfare or unemployment benefits, etc.) as well as modern 'mixed' economies that attempt to provide worker assistance and regulate labor markets. Aside from purely economic policies, the political and legal institutions of a country have a great impact on the relative levels of poverty and injustice -- I think most socialists today would condemn the autocratic tendencies of Stalin and Mao, even though these two were energetic anti-capitalists.

In short, there is no simple fix, or humanity would not have struggled with this for thousands of years. Most people today would agree that, on the balance, capitalism provides more benefits than problems. It is, undoubtedly, the most productive economic system ever attempted in human history. This by itself, however, is no guarantee that capitalism will eliminate poverty and injustice, or that certain aspects of its operation will not actually increase them if left unchecked. Thus the need to look at the broader set of political/legal/economic institutions in a country -- these together with the economic system will shape the structure of opportunity within a society.

Answer 2

Capitalism allows YOU to become whatever you want to be. If you CHOOSE to be an excuse making bum, produce children you can not afford and not take your education seriously, then we all know your outcome in life.
Capitalism is liberty. Liberty does not create poverty, it solves poverty.
You do realize that the computer technology and the Internet you are using exist because of capitalism. It always amuses me when people use the Internet to discuss how bad capitalism is. Apparently their telegraph machines are broken.

Look at the poorest places on earth. (North Korea, Rwanda, Congo) There is NO capitalism in those places. Evil American Corporation certainly are not running those places.

There is not one entity/institution (including religion) in the history of this planet that has caused more carnage, devastation, and despair than government. (Hitler, Stalin, Kim Jong-Il, Mugabe, Pol Pot, Mussolini and on and on and on and on)

Give up all the innovations of capitalism and see how much you enjoy your life.
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“Few men desire liberty. The majority are satisfied with a just master.”
-Gaius Sallustius Crispus
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That is why people hate capitalism. They would prefer government have power. Personal responsibility is too difficult for them. The thought of government power appalls me.

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Answer 3

Personally, I don't think so. Webster's New Explorer Large Print Dictionary defines capitalism as"(An) economic system of private ownership of capital". It helps to own all of your own things--whether they be personal belongings or business ventures. If this were "THE ANSWER", we wouldn't have poverty anymore...injustice will always be "a social poison".

Answer 4

Capitalism is the cause of poverty and injustice.
The capitalists gather their wealth by exploiting the workers. A worker is not paid the entire produce of his labor, as the employer retains a portion as profit. Profiting in this way tends to further enrich those with capital while not significantly enhancing the material well-being of workers. This perpetuates concentration of wealth in the hands of a few.
Wealth and unequal distribution can create social problems (such as higher crime rates). These problems affect both poor and rich.
Government interference in markets can be skewed to benefit the wealthy. In particular, wealthy people have the financial means and incentives to influence or corrupt government officials and to lobby for favourable legislation.
Many people have little wealth left over after living expenses, so they can't make it grow quickly. This further deepens the disparity between rich and poor.
Persistent long-term inequality of wealth undermines the motivation of the poor to improve their stance. This creates not only direct but perpetual sociological inequity.
Wealthy people save relatively more than poor people. Hence some economists believe that an unequal distribution of wealth undermines an economy's mass buying power, effectively leading to lower aggregate sales, reduced wealth production, unemployment and crises. (see Keynes) Economists, however, argue that saving is also necessary in an economy, since it provides the means for investment into new technologies and processes.
Wealth is defined and judged incorrectly, in many different ways. In particular, people may attach value to things for seemingly irrational reasons (sentimental value). Some may also value spiritual development more than material wealth. Capitalism's focus on absolute monetary value thus undermines the legitimacy of alternate paradigms.
The wealthy may not put their wealth to productive use. For example, they may buy land just to deny access to it to others, for personal or environmental reasons. Other critics of capitalism, however, would ask whether or not capitalistic production narrowly-defined is a good thing, especially if it is seen as damaging the environment, and such an action of denial may be seen as the lesser of two evils.

Answer 5

Capatalism is the cause of poverty and injustice. The drive to make more money causes corporations to trample the rights of others.

Answer 6

it is the cause of poverty and injustice. Just look at the history of America and how everyone that isn't white was treated.