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by dysrend
1890 days ago
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I didn't read the article. Fwiw afaic, the reason poverty persists is a product of the market solution we've elected. It's for all practical purposes and intents necessary for poverty to exist as it creates a class of people willing to invest their time at a deficit to themselves (relatively undervalued labor). More or less kin to introducing an artificial concentration gradient, where there likely was none. Without that poverty resources would become increasingly expensive because labor supply becomes more reticent to act on a deficit because they're no longer existentially threatened. Additionally, demand increases as there is more liquidity and velocity. The most compromising feature of this is the megalithic multinationals sinking all that money which destroys the natural local circularity. All the money ends up in Amazon, Nike, and Coca-Cola's accounts. |
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