Poverty is a result of capitalism. There are enough resources for everyone. The only reason people are forced to go without is because of the structure of the economy, not the output of it.
Poverty is synonymous with exploitation
7 years ago by anarchistwisdom (51)
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According to a January 2013 Oxfam International report titled “The cost of inequality: how wealth and income extremes hurt us all,” “The top 100 billionaires added $240 billion to their wealth in 2012- enough to end world poverty four times over” [https://www.oxfam.org/sites/www.oxfam.org/files/cost-of-inequality-oxfam-mb180113.pdf].
By January 2018, Oxfam International reported, “Last year saw the biggest increase in billionaires in history, one more every two days. Billionaires saw their wealth increase by $762bn in 12 months. This huge increase could have ended global extreme poverty seven times over. 82% of all wealth created in the last year went to the top 1%, while the bottom 50% saw no increase at all” [https://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/bp-reward-work-not-wealth-220118-summ-en.pdf].
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