Why Is Capitalism Good For The Poor

Is Capitalism Good For the Poor?

Capitalism is good for the poor because they have the belief that you work for what you earn. Companies and businesses are run privately and co-owned where they can thrive alone to make money. Capitalism creates jobs, creates self-worth, and there is room for growth in technology and the economy.

I feel Capitalism is good for the poor because it creates jobs. In the 16th century farmers invested in new technologies to improve the production of crops because the food prices were so high due to the population growing quickly. The improvements in turn brought down food prices and made more jobs for the people to work. They then turned to looking into new innovative ways to improve the production of food. The

less money needed for paying for food made it possible for the stores and food stands to make more money and create new jobs for the people because everyone was buying food. When the technology increased in the agriculture business fewer people were needed to work which in turn created the possibility for the factories to open up.
Capitalism, also, is good for the poor is because it creates self-worth. Communism takes away free will. You have no choice of what you do or how much you make. It eliminates social classes, where everyone makes the same amount of money. Also, being put into a job by the government of their choosing may not be suitable to the person's interests. In doing that it takes away from someone being able to choose and do what they love. Being able to choose what you do like going to school and then getting a job gives that person self-worth because they get what they want to do for the rest of their life.
The last reason that I think that Capitalism is good for the poor is because there is room for growth for technology. Socialism is the belief that the government is the reason for inequality for helping the poor via free education, higher taxes for the rich, and free healthcare. They believe that we should only focus on what we need. We have the ability to make the world a better place by creating new technology such as cures for diseases and ways that make the environment better. It may not be things that we need but it gives people the opportunity for them to compete and to come up with new things for the world to see. We have come so far in this society that it’s okay for people to choose and create things that improve and make it possible for everyone to live and be happy.
Capitalism is good for the poor because people get the choice to choose and do what they love. Being able to compete to come up with new innovative ways to improve society is what life is all about. It gives us the chance to choose. We do not discriminate or make people be the same. We are our own person, and get to choose to be apart of this free country.