Poverty in Capitalistic Society

Poverty and the contributing factors In the journalistic archives of William Morris he states that socialism is " the increase of wealth by means of the combination and co-operation of the varying powers and capacities of men, and the equitable distribution of the wealth so produced; and as each man's capacities can be used for the benefit of the community". In this type of society an individual will not suffer from poverty unless the whole of …

…that the gap between the impoverished and others will not be narrowed if the traditional patterns of occupational, social and environmental change are maintained. So poverty will always exist in a capitalistic society, because it is the driving force for prosperity. Works Cited Fishman, Leo. Poverty amid Affluence. New Haven; <Tab/>Yale University, 1968 US Federal Reserve Board. Survey of Consumer Finances, by National Organization of Research at University of Chicago, Jan. 2004