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Let's look into these shall we as you seem in a better mood today. Help BR, he's going end stage.
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There are several European countries that have followed a Keynesian economic model.
They have followed it to a degree but actually this last round they've almost universally been implementing austerity measures where as Mr. Paul Krugman was screaming at the top of his longs, is the exact opposite of what Keynesian modeling suggests.
The EU as a whole is having to bail out one country after another and considered as a whole is going broke faster than the U.S. without the massive military in place. It's a race to the bottom for them right now. The P.I.I.G.S of Europe are a fact.
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All of these countries have lower poverty than the US.
Poverty is a self-defined and self reported measure that differs from country to country. That is a fact.
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It's possible that a country's overall 'wealth' can increase while poverty also increases.
It's possible that a country's overall 'wealth' can decrease while poverty also decreases.
The second case should be preferable to the first.
It's possible that a country's overall 'wealth' can decrease while poverty also decreases.
The second case should be preferable to the first.
First you should define whether you are discussing absolute or relative poverty. The latter would absolutely not be desirable if you are talking relative poverty. Likewise the first example when discussing relative poverty makes perfect sense and isn't even alarming.
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'Wealth creation' should not be the goal without putting poverty in context.
I'd love to see you put poverty into context. Several people have asked for this from what I have read and folks like yourself seem to either intentionally confuse absolute and relative poverty.
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The idea that wealth creation absent other economic factors will decrease poverty is an unproven theory.
I'd have to disagree and I certainly could not call that statement a fact. The West has shown a rising standard of living, rising life expectancy and rising level of wealth all concurrently so while correlation isn't necessarily causation, the case is much stronger than what you claim.
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Fair enough. I'll start, in this thread, by providing a fair definition of poverty, and you can follow by providing yours.
My definition of poverty is actually the same as Nick's, with one qualifier:
Poverty is the inability to generate enough wealth to provide a reasonably humane and stable standard of living.
Your turn.
My definition of poverty is actually the same as Nick's, with one qualifier:
Poverty is the inability to generate enough wealth to provide a reasonably humane and stable standard of living.
Your turn.
Since you modified my definition, please define humane and stable. This appears to be at the crux of defining absolute and relative poverty or at least clarifying your understanding of the concepts.
"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell
"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell







