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Extreme poverty can be eradicated through capitalism
Extreme poverty can be eradicated through capitalism.
The free market is the most efficient way to allocate scarce resources which have alternative uses (by allowing people the freedom to buy and sell what they want/need).
Extreme poverty has been on the decline since the creation of the free market several hundred years ago.
Simple Google search shows decline in extreme poverty.
Capitalism incentivises lowering costs thereby making it easier for those in extreme poverty to gain access to basic necessities.
There is no alternative that even comes close to doing it any better.
Capitalism rewards labor. This allows laborers to exchange labor for basic necessities.
Capitalism incentivises market share, which encourages capitalists to look to under-developed countries.
Capitalism allows for personal savings.
Capitalism works by exploiting the poor's labor.
Nothing can "eradicate" extreme poverty because some people will choose to be inefficient, are naturally inefficient, or by circumstances have become inefficient.
From an economic perspective, capitalism is based on competition which means that there has to be winners and losers, an unequal system.
Capitalism incentivises profits. This can lead to wage-earners being under-compensated.
Capitalism creates wealth inequality.
Capitalism tends to concentrate wealth in certain areas.
Capitalism incentivises monopolistic behavior which can raise the costs of basic necessities.
Did Frank D. Roosevelt save capitalism?
Should There be a Universal Basic Income (UBI)?
Should begging for money be illegal?