Capitalism And Poverty

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Poverty is defined as the state of being inferior in quality or insufficient in amount. According to this definition, it is appropriate to view capitalism as a socially harmonious economic system in which unemployment, poverty, and inequality are the fault of the individual. Poverty or being poor along with being rich is a state of mind in which capitalism has no affect on. Those who are poor by American terms do not see themselves as being poor. They may only begin to “feel” poor when they are told that they are poor. This action changes their state of mind and alters their view on living. Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit,

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