The bias is justified. The left is correct. Markets don’t create wealth without necessarily simultaneously creating poverty
Well that’s just bullshit. Markets have brought more people out of poverty than anything.
Lib - “Markets make everything cheaper, which is good.”
Leftist - “But if there is a labor market, won’t that make labor cheaper?”
Lib - “Yes, and that is good.”
Leftist - “How is that good?”
Lib - “It leads to more profits.”
Leftist - “But why is it good to have more profits?”
Lib - “Because a good country is when corporations make profits, and the more profits the corporations make, the gooder the country is.”
Did you know that China is responsible for 75% of the global poverty reduction over the last 40 years?
Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million. With this, China has contributed close to three-quarters of the global reduction in the number of people living in extreme poverty. At China’s current national poverty line, the number of poor fell by 770 million over the same period.
Do you know how China got such a huge poverty by the 1980s? Do you know how China got the wealth to start impacting it’s poverty?
Hint: the CCP took power in 1949. The Maoist era ended 30 years later, and massive economic liberalisation reforms started.
China today is a world trade powerhouse governed by an elite class (The CCP) with the proles given just enough to keep them where they are. It’s lifted them out of poverty, but it is the shining example of a totalitarian capitist state. If anybody thinks the proletariat have power in China, and it is therefore a socialist state…or that it’s classless with no elite and a communist state… well… You need to talk to some Chinese people.
Deng literally introduced market reforms to do so. This is not the own you think it is
The maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry
AHAHAHAHAHHAAHA HAHAHAHHA AHHHH HAHAH.
Oh wait you’re serious? That’s even funnier.
Tell me where is the success of capitalism in Africa, Asia and Latin America?
The recent decades trend of people being lifted out of poverty is solely due to China. America has more and more starving people, homeless and working sick.
Markets have brought more people out of poverty than anything.
Yes, just like the Irish people who were “helped” by the free market in the 1840s. Or the Indian people who were “helped” by the free market in the late 1800s. You might be interested in this book by the late, great Mike Davis which completely refutes your ideas with hard evidence that the free market can be used (and has been used) as a tool of genocide: https://www.goodreads.com/en/book/show/7859
Yeah, but please don’t say that too much, we don’t want to carry water for the CCP
For more information, research “surplus army of labor”, “primitive accumulation”, and “accumulation by dispossession”.
Primitive accumulation is a bad term. It works if you’ve read the theory behind it, but otherwise it sounds like someone saving up a bunch of money then starting a successful business compared to what it is which was colonial genocide, enclosure of the commons, and mass starvation as people were ripped from agricultural labor and cast into the factories and mines to work for feudal lords turned industrial capitalists.
Nuh, uh. Markets controlled by Oligarchs who spend billions to erode social safety nets do. A market socialist economy with strong regulations and systems like a UBI wouldn’t create poverty, while still being a market (albeit a very different one to what we have today). Albeit I do think that for many things (like healthcare) having a market of any kind is just dumb.
Markets controlled by Oligarchs who spend billions to erode social safety nets do.
And where do these billionaires come from? Do they just spring out of the ground?
Oligarchs are a feature of capitalism, not a flaw.
A market with a UBI would simply increase rent by the UBI amount. Markets in capitalism exist to extract wealth, it is what they encourage. Thus they will support those that are best at extracting wealth, which leads to the creation of those billionaires.
I said market socialist. In a market socialist economy there would be no billionaires. Also housing is an absolute necessity, which means it shouldn’t be governed by a market at all, no matter the economic system. Only things outside of staple foods, a roof over your head, utilities, drinking water, healthcare and other things absolutely necessary for your continued survival, can (not should) be governed by a market, and one that doesn’t funnel money upwards.
Capitalism in any form is absolutely horrible and should not exist.
Also, creating artificial demand should be banned.
A market with a UBI would simply increase rent by the UBI amount
*Correction: an unregulated market with UBI would.
In a regulated market, those corporations can either follow the guidelines or fuck off the market.
