NBC announced in an article today that the World's 85 richest have the same wealth as 3.5 billion of the poorest people.
When you bring up the issue of poverty in the US to ardent supporters of capitalism, they come up with the old rhetoric of capitalism vs. communism. Poverty is the collateral damage of capitalism that you have to live with because the alternative is communism. It is their excuse to ignore the issue or to ignore the poor. Where other people see human beings who they can identify with, because their struggles are the same, many capitalists only see numbers. They see the number of people collecting unemployment benefits or welfare checks. They don’t see people like them, human beings who have similar feelings and needs, who are also looking to find love, to start a family, have a respectable job, provide [...]