The Mudcat Café TM
Thread #78659   Message #1421667
Posted By: CarolC
26-Feb-05 - 03:01 PM
Thread Name: BS: Why do we need poverty?
Subject: RE: BS: Why do we need poverty?
When Bee-Dubya-El makes his pots and sells them, he is making his wealth himself. He did need some capital in the beginning to buy his kilns and other essentials for making pottery. He got that by having a wage paying job prior to becoming a potter; one that must have paid him enough for him to have the discretionary income that enabled him to buy his equipment.

If Bee-Dubya-El were to employ his neighbors, paying them incomes that were below the subsistance level (just because he could get away with it because they were financially desperate and willing to starve slowly rather than all at once), to make his pots for him and he then sold them for a large profit over his costs, then he would be greedy. And since his empolyees would not even be getting paid subsistance level wages, they would not ever be able to save money to buy their own pottery-making equipment so as to enable themselves to create their own wealth as Bee-Dubya-El does.

I think this is a much more accurate summation of the reason we have so many working poor in the US.