What is the cause of Poverty in the Rich countries?
One can understand poverty in third world countries. But it appear funny to read that there are 15 percent poor people in the United States. Is something wrong with the US capitalistic model that there are so many poor people in it? Does it not mean that money alone can't remove poverty?
The short answer is Life. Just like happiness, money can't buy your way out of poverty. Poverty is a fact of life, regardless of the wealth of a country; the amount of it is not, however. You also have the definition of poverty; those on the high end of the poverty-level would be considered rich in many third-world countries but are barely making it here, given the cost of living in the U.S. As to capitalism being the problem, with one caveat, I would say it is capitalism that keeps the rate so low; I think you will find, as a rule, poverty much higher in non-capitalistic countries.
My caveat is this, the capitalism must be regulated. Unregulated capitalism leads natually to a large poor, although not necessarily poverty, class by its very nature; it also leads to wildly unstable economies; we saw all of this in the U.S. in the 1800s. The poor class comes from the economic advantage a person gets once they become wealthy and the ability to do things to keep themselves in that status. Unregulated capitalism leads to very unequal distribution of wealth where the maxim of the "rich get richer and the poor get poorer" is very true; it is an artifact of unregulated capitalism and we are seeing it today where, in the last 15 years, during the deregulation period of business in America, the gap between the wealthy class and middle/poor class has grown significantly. The growth in deregulation and the growth of the gap is not a coincidence; it wasn't in the 1800s and it isn't now.
I think a cause of poverty is when the rich take from the poor. another thing is when the country borrows, & even sends jobs overseas. many things cause poverty.
One of the causes is that some people are born into impoverished environments.
Many people in this situation have more family, social and drug abuse problems than those who are more fortunate.
Some people really do need help to improve their situations, but many who are well off believe that everyone can pull themselves up by their own bootstraps...but some people don't have any bootstraps or any boots.
They don't have any sympathy for those less fortunate then they are and are pissed off if our government tries to help these people improve their situation and their lot in life..
by Goodpal2 months ago
Are the poor useful for the society in any way?Is it that Poverty and the Poor are mere burden on the society? Do they serve any meaningful purpose?
by awesome776 years ago
Coming from a very poor background, I have come to realize that most rich people do not give a rats ass about the poor! If in doubt, show me a rich person and you will see someone that has gone to great lengths to...
by Moderndayslave5 years ago
With wages adjusted for inflation either stagnant or losing ground and commodities and the cost of living going up. Is the US economy being systematically gutted or is this just a coincidence? What's your opinion and...
by Phanti3 years ago
"Wealth protects the rich; poverty destroys the poor." Proverbs 10:15What does this verse say to you, do you agree or disagree? Is this relevant in today's society? If so, what can be done about it?
by Joe Badtoe7 years ago
The wealthiest 300 people in the world have more money than the total income of the poorest 3 billion in the world.Three hundred people have more money than three billion!!Does this mean capitalism is fair and works as...
by K Partin7 years ago
With poverty the way it is in these third world countries, shouldn't we be passing out condoms too??These people can't help themselves but they know how to keep having babies. Babies that are starving and dependent on...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.