Difference between revisions of "User:GreatYeetForward69/Capitalism"

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Proponents of capitalism argue that it is the best system we have. However, the ugly truth is that under capitalism, [https://www.usatoday.com/story/news/nation/2014/08/17/hunger-study-food/14195585/ one out of seven U.S citizens need to visit food banks to survive]. [https://www.cbsnews.com/news/70-americans-are-struggling-financially/ 70% of U.S citizens state that they struggle financially], [https://www.youtube.com/watch?v=QPKKQnijnsM despite the 1% in the U.S owning a ridiculous amount of wealth].  [https://www.metro.us/news/the-big-stories/working-poor-40-percent-americans-cant-afford-basic-necessities Forty percent of the U.S population cannot even afford basic necessities, in one of the most developed capitalist countries]! [https://www.mirror.co.uk/news/ampp3d/housing-crisis-10-empty-homes-5008151 In the UK, there are ten times more empty homes than families]. [https://homelessworldcup.org/homelessness-statistics/ The issue of homelessness is not limited to the UK in scope, either - it is a global problem].
In the United States, a country with private health insurance, [https://news.harvard.edu/gazette/story/2009/09/new-study-finds-45000-deaths-annually-linked-to-lack-of-health-coverage/ there are 45,000 deaths annually linked to lack of health coverage], and [https://ponderwall.com/index.php/2019/04/30/cheating-workers-wages/ wage theft is only getting easier in the world]. Unemployment, despite common sentiment that it is relatively low, [http://www.lalkar.org/article/3322/the-true-level-of-unemployment is actually under-reported by a factor of 200%]. Even if this is not the case, [https://www.businessinsider.com/unemployment-vs-involuntary-part-time-work-underemployment-2019-1?utm_source=reddit.com low unemployment in capitalist countries is often due to involuntary part-time work needed to maintain oneself]. [https://www.nytimes.com/politics/first-draft/2015/01/12/making-it-rain-members-of-congress-are-mostly-millionaires/?_r=0 State officials often do not represent the masses, in countries like the U.S].
In addition, social mobility is still practically nonexistent, [https://www.brookings.edu/research/economic-mobility-of-families-across-generations/ with only 6% of individuals in the lowest income quintile ever make enough money to rise to the highest, and a person’s economic status is largely based off of the incomes of their parents] ([http://www.nccp.org/publications/pub_911.html 2]). Worldwide, [https://web.archive.org/web/20080525064718/http://www.results.org/website/article.asp?id=241 ten million children every year die from preventable diseases and malnutrition], [https://medium.com/@jeremyerdman/we-produce-enough-food-to-feed-10-billion-people-so-why-does-hunger-still-exist-8086d2657539 despite there being enough food produced to feed 10 billion]. [http://www.mybudget360.com/wp-content/uploads/2015/11/Productivity_and_Real_Median_Family_Income_Growth_1947-2009.png Whereas productivity has been rising, wages have remained stagnant in the U.S].
[https://www.jasonhickel.org/blog/2019/2/3/pinker-and-global-poverty Indeed, it can be argued that in general, the flaws of capitalism worldwide can be negated by the statement that poverty is decreasing, but this is actually based on flawed research, with poverty lines for the poorest countries being misused to measure worldwide poverty trends, even though they really shouldn’t. With updated poverty lines reflecting actual standard of living, the absolute number of people living in poverty has worsened from 3.2 billion in 1981 to 4.2 billion, using 7.40$ per day. Poverty rates have gone from 71% in 1981 to 58% in 2013, which is an improvement but is nothing worth celebrating about. Factoring out China, this is even more unimpressive.]
To be more specific to the United States, [https://poverty.ucdavis.edu/faq/what-current-poverty-rate-united-states their poverty rate has remained relatively stagnant since the 1960s, with about 12.3% of the U.S population, or around 40 million Americans living in poverty in 2017]. Once again, it can be essentially argued that absolute numbers of people living in poverty have decreased, but once again, does that necessarily negate the fact that capitalism in first-world countries still leads to the exploitation of the third world, and [https://countercurrents.org/2017/08/27-million-died-in-russia-because-wall-street-built-up-hitlers-wehrmacht-to-knock-out-soviet-union|the support of even the most deadly ideologies for profit]?
[https://www.theguardian.com/environment/2019/oct/09/revealed-20-firms-third-carbon-emissions Only 20 companies are behind a third of the world’s carbon emissions, too] - even if the sheer numbers of those in poverty may be improving in the U.S, with the stagnation of the poverty rate, why should we wait for the poverty rate to lower as the destruction of the planet looms over us in the coming decades? 
Social democrats and other opportunists argue that reforms can solve issues with capitalism. [https://www.reddit.com/r/DebateCommunism/comments/dmtsdh/what_is_wrong_with_social_democracy/f557a0k/?context=3 However, such reforms are akin to putting a bandaid on a wound. Imperialism is endemic to the capitalist system]. [http://faculty.econ.ucdavis.edu/faculty/gclark/papers/Sweden%202012%20AUG.pdf Besides that, social democratic systems such as Sweden still suffer from social mobility issues]. On the subject of imperialism, imperialism has been a driving force behind many wars, and [https://en.wikipedia.org/wiki/Casualties_of_the_Iraq_War 500,000 Iraqis died simply because of U.S imperialism, for example]. British capitalism also led to the deaths of [https://en.wikipedia.org/wiki/Great_Famine_of_1876%E2%80%9378 15.5 million] [https://en.wikipedia.org/wiki/Great_Bengal_famine_of_1770 in India] in the 18th and 19th century, due to laissez-faire experiments.
Pro-capitalists state that communism has always proved to be an economic failure despite capitalism’s flaws - this is a blatant falsehood! Often used as an argument is the economic calculation problem, which has been disproven by the [https://www.reddit.com/r/communism101/comments/2hcru1/help_me_rebut_the_economic_calculation_problem/ckrtxxo/?context=3 linked papers]. On standard of living, [https://communistfacts.wordpress.com/2018/07/26/for-illustrating-socialist-vs-capitalist-development/ a study conducted by Shirley Cereseto and Howard Waltzkin concluded that “in 28 out of 30 comparisons at similar economic development, socialist countries showed more favorable PQL outcomes”]. To be even more specific, [https://www.reddit.com/r/DatabaseForTheLeft/comments/em22nl/has_socialism_failed_an_analysis_of_health/ healthcare in socialist countries is generally proven to be superior to healthcare in capitalist ones].

Latest revision as of 21:18, 9 February 2020