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Working Poor

In reply to the discussion: Our Poverty Myth [View all]
 

fasttense

(17,301 posts)
3. Because capitalism is designed that way.
Thu Jun 2, 2016, 07:34 AM
Jun 2016

The poor stay poor or get poorer and the rich get richer.

That is how the system of capitalism is designed. It's designed to ensure that those with capital rise to the top. Capital in it's most basic form is excess money. Money NOT needed for everyday living. The rich have it. The poor don't. The middle class have it sometimes. Today the middle class have very little of it. To get ahead in a capitalistic economy, you have to have capital.

There are laws, mostly passed during FDR's time, to prevent rich capitalist from taking over everything including democracy. But most of those laws were removed by RepubliCONS and Democrats. All those free trade agreements include requirements to remove any laws that restrict the use of capital in any way shape or form.

So, capitalism will continue to devour the American middle class until very few are left. What will remain will be a handful of uber rich men and huge never ending swaths of very poor people, with just a few middle class to make it seem like the poor can get ahead.

The poor are stuck where they are until they get some capital. And everything in the economy and the government is designed to keep the poor from gaining any capital.

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