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by Reasoning 495 days ago
> The main internal contradiction of capitalism leads to the system creating large amounts of wealth but also equivalently large amounts of poverty.

No it hasn't, the global poverty rate has been falling for 20+ years. 69% of people globally lived on <$5.50 a day in 2000, that number is down to 47% today.

You can also look at China and Vietnam, countries that have had drastic improvements to standards of living and collapsing poverty rates after abandoned communism. Or you could look at the divide between East Germany and West Germany or North Korea and South Korea. Or the economic collapse in Venezuela. The communist experiment was tried and it failed miserably.

1 comments

"capitalism solves this problem, just look at all the revolutions communists did that erased more poverty faster than at any time in human history"

i get what you're trying to say but ultimately it just seems like you're pointing at everything positive and saying "capitalism did that" without much effort or investigation. there's too much to cover in an HN thread but one thing thats interesting is that when this ideological sentiment is brought out no one ever seems to want to deal with the backslide in equity that happened across all measurements after the fall of the USSR. i think partially because westerners dont seem to be able to engage with the discussion without immediately whatabout-ing and claiming that doing the analysis is somehow stalin worship.