Cyprus-Forum.com

[Maximus]

The question is very simple:

Does Capitalism dictate poverty

No

Does it just happen?

No

And finally can it be avoided>

Yes

Nothing about communism or any other ism. Although this may lead to another thread regarding that subject.

[Lordo]

The question is very simple:

Does Capitalism dictate poverty

No

Does it just happen?

No

And finally can it be avoided>

Yes

Nothing about communism or any other ism. Although this may lead to another thread regarding that subject.

So if it is not natural by-product and it can be avoided why is it allowed to happen?
This sugests that it is engineered this way financially.

[Maximus]

How is that allowed to happen Bordo?

[Lordo]

How is that allowed to happen Bordo?

Well lets think now. Take a company who's CEO pays him/herself 1 million a year but pays the cleaner 8.0 an hour. 8 hours of work gives 68 pounds per day. Can you live on 68 pounds per day less tax and insurance?

Can this CEO not afford to pay 15 pounds per hour so this person can at least live. It is called paying a living wage. Or is this communism?

We can't have people being paid a living wage so they are able to live, right? or not?

It is allowed because there is no law stopping it. Even the minimum wage being paid now is advisory.

Oh don't tell me if they paid 15 pound an hour they will go bankrupt. Like fuck.

[Maximus]

Why would this CEO pay £15 an hour for a cleaner, when anyone can do the job and 50 people have applied and they are all willing to do it for £8 an hour?

[Lordo]

Why would this CEO pay £15 an hour for a cleaner, when anyone can do the job and 50 people have applied and they are all willing to do it for £8 an hour?

So it does not matter whether it is a living wage or not then?

[Lordo]

Here is one of the reasons why poverty exists.

https://www.msn.com/en-gb/money/other/uk-blocks-venezuelan-president-nicol%C3%A1s-maduro-from-accessing-1-4bn-of-his-country-s-gold-stored-in-bank-of-england/ar-AAS24mj?ocid=entnewsntp

[Maximus]

Why would this CEO pay £15 an hour for a cleaner, when anyone can do the job and 50 people have applied and they are all willing to do it for £8 an hour?

So it does not matter whether it is a living wage or not then?

How about the student that works in McDonalds for 6 hours every other day. Should he get £100 an hour so he's got a living wage as well?

[Maximus]

Here is one of the reasons why poverty exists.

https://www.msn.com/en-gb/money/other/uk-blocks-venezuelan-president-nicol%C3%A1s-maduro-from-accessing-1-4bn-of-his-country-s-gold-stored-in-bank-of-england/ar-AAS24mj?ocid=entnewsntp

£50 for each Venezuelan is going to solve poverty there yeah?

[Lordo]

Here is one of the reasons why poverty exists.

https://www.msn.com/en-gb/money/other/uk-blocks-venezuelan-president-nicol%C3%A1s-maduro-from-accessing-1-4bn-of-his-country-s-gold-stored-in-bank-of-england/ar-AAS24mj?ocid=entnewsntp

£50 for each Venezuelan is going to solve poverty there yeah?

Hold your horses boy, I nver said it would solve poverty. I said it is one of the causes of poverty. Add to that 5.5 Billion USA is also not giving back. As well as the embargoes USA has imposed on the country and anybody who trades with them. How may billions is lost there?

It is not for distributing to the people it is for inbestment on where ever they see fit.

The point is this causes poverty.