Poverty Essay

A lot of people in the world are in poverty today. Various countries are trying to minimize the poverty level by the government subsidizing most of the things in the country such as education, food, and health services. Also, factories have started production goods in surplus. This excess production will lead to deflation because when there is an excess supply of goods and services, the price of the good or service will fall making the people pay less for more. More so, some countries have started maximizing the use of fertilizers in farms in order to increase agricultural production which will reduce poverty. Here, poverty will be looked at broadly and different plans put forth by different people to eliminate poverty will be discussed.

Poverty is the lack of the essential things of life such as clothing, shelter, food, and good health. Poverty can be reproduced in the family or in the government. Consider a poor couple who gives birth to eight children. These children are born into poverty and because their parents are poor, would not be able to attend school in order to at least enable them find minimal paying jobs, and by the time this children become adults, they would have inherited this poverty from their parents which would continue from generation to generation leading to a vicious circle of poverty in the family. Also, in an attempt by the government to eradicate poverty, they only end up reproducing it greatly. This is done when the government thinks of poverty as a monolithic problem and therefore comes up with monolithic answers to it such as neoliberalism. The poor countries feel that to solve the problem of poverty, they have to request help from developed countries like the US and this is not a solution because whe...

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...is good because the countries in poverty gets to have money but the idea has issues because the this plan does not make the poor country rich, it only makes them depend on the rich countries. Withal, Roy proposed her own solution to poverty which is microfinancing. She calls the plan limited but yet effective. These plans proposed by Heffernan, Roy, and Esterly have the same problem because they both view poverty as a colossal problem that can be solved by getting help within the neoliberal capitalist system. This neoliberal system will only backfire in their faces by making the poor countries poorer.

Finally, poverty is subjective, relative and not objective that is, it is based on people’s personal thoughts and can be constructed. Also, poverty can never be fully eradicated in the world. It is just something that everyone in the world wishes to achieve someday.