The Mudcat Café TM
Thread #78659   Message #1417588
Posted By: Piers
22-Feb-05 - 12:19 PM
Thread Name: BS: Why do we need poverty?
Subject: RE: BS: Why do we need poverty?
I think you are right about greed Joe F. But inequality in the 'developed' world is increasing, in income as well as wealth possesion so I don't see how you can suggest that the 'disequilibrium' might disappear. Surely as long as the social relations of capital and labour exist, there is poverty of control over the means of production which results in poverty of income because holders of capital can command assets that yield profit whereas the majority have only their labour to sell.