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You're picking apart my example of a luxury, not the argument. People aren't forced to spend money on iPhones. If they spend money of iPhones that they need for
by Bsharp 13y ago
You're picking apart my example of a luxury, not the argument. People aren't forced to spend money on iPhones. If they spend money of iPhones that they need for food they otherwise couldn't afford, then that's their problem, not the world's. Substitute 'iPhones' for any other luxury item. Plus, the agriculture industry is highly regulated, while the cell phone industry is relatively free, which I think has a strong impact on this price discrepancy.
My point is that capitalism allows a significant majority of people to have the basic necessities of life taken care of in exchange for some other contribution to the world.
- EliRivers 13y agoMy point is that capitalism allows a significant majority of people to have the basic necessities of life taken care of in exchange for some other contribution to the world. Fair enough. My point is that something is going very wrong, as here we are in what is apparently some kind of recovery yet in the United States, one of the richest nations in the world, more people need food stamps than before. Luxury? A phone is cheap. It's not a luxury. Food is becoming a luxury. This didn't happen last time, or the time before that.