> Funny that. I thought it was the Welfare State and the National Health service. "Capitalism" is just a label.
Both the Welfare state and the NHS exist because they can leech off the capitalist economy in a parasitical fashion. On their own they are unsustainable, so arguably, capitalism did bring people out of poverty, even if it was done by siphoning a portion of that generated income out of the system and into welfare projects.
(Score: 3, Informative) by turgid on Sunday October 28 2018, @04:36PM (1 child)
Funny that. I thought it was the Welfare State and the National Health service. "Capitalism" is just a label.
I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].
(Score: 2) by Unixnut on Wednesday October 31 2018, @09:45PM
> Funny that. I thought it was the Welfare State and the National Health service. "Capitalism" is just a label.
Both the Welfare state and the NHS exist because they can leech off the capitalist economy in a parasitical fashion. On their own they are unsustainable, so arguably, capitalism did bring people out of poverty, even if it was done by siphoning a portion of that generated income out of the system and into welfare projects.