Elio CampitelliAug 17, 2023

I really wish people stopped using "capitalism" as a catch all for anything that they see as bad in the world right not.
Just to put one number in perspective, the poverty line in the US was $12,880 for a single person (per wikipedia). That is a lot of money in international and historic terms (it's more than what I make in Argentina with a PhD scholarship!).
The "contradiction" here is that poverty is usually measured relative to a country's wealth.

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Show threadDelajor🍞Aug 17, 2023

@eliocamp You have to put things in relative terms, though.

If you are at a country's poverty level, then its likely you are living in impoverished conditions. And its not like you can just up and move to a place with a lower GDP. If you could, you might still be stuck in poverty circumstances.

Show threadElio Campitelli
@Onsequitur Those impoverished conditions are relative to a regional standard. People below the poverty line in the US are much richer than people below the poverty line in Argentina, for example.
Aug 17, 2023 at 7:19pmPhanpy
Show threadDelajor🍞Aug 17, 2023

@eliocamp I get that, but their buying power is probably the same relative to someone below poverty in Argentina, is my argument. So their relative poverty is still the same. I don't have data to support that, though.

Obviously there is probably a scale here where some country's mean impoverished quality of life is lower than anothers.