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ECONOMICS -
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Poverty is not an accident

Posted in the database on Tuesday, May 31st, 2005 @ 19:30:11 MST (1931 views)
by Todd Smyth    Independent Media TV  

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Poverty has always been the critical component to create extreme wealth. It does not occur by accident. Poverty keeps labor cheap. Slave labor is just imposed poverty.

'Free Trade' and 'Globalization are the alternatives to slave labor. By moving factories from one poor country to another and pitting them against each other, the very wealthy are getting labor that is cheaper than slave labor because there is no overhead for the labor.

Maintaining widespread poverty doesn't take any effort. In fact, it requires only that very little effort is made. Eliminating or reducing poverty creates economic opportunity for a wider group of people which puts pressure on wages and reduces profits for the very wealthy. To eliminate or greatly reduce poverty, you have to stop the people in power from exploiting the labor for extreme wealth.

'To stop war you have to take the profit out of war.' -- General Smedley Butler USMC from 'War is a Racket'

To stop poverty, you have to take the profit out of poverty.



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