Poverty: An Echo of Capitalism Essay

Exclusively available on Available only on IvyPanda®
This academic paper example has been carefully picked, checked and refined by our editorial team.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment

Poverty is a word that has always been a part of people’s lives at different stages of the development of human society. The most common definition of the concept is associated with the absence of basic resources for an individual’s life. In terms of sociology, poverty is divided into two important concepts: absolute and relative (Van Krieken, 2013). Absolute poverty is defined as the absence of “the material resources” needed to meet people’s needs (Van Krieken, 2013, p. 221). Relative poverty is often defined as the lack of material resources needed to have the lifestyle acceptable in society. In the western world, when people speak about the concept, they mean relative poverty as the vast majority of the poor have certain resources although they cannot afford a lot of things that are seen common and necessary for proper living. In many South Asian or African countries, poverty is often absolute as thousands of people strive as they do not have food or money to buy it.

As has been mentioned above, poverty has always been a part of human history. As for modern times, poverty is often associated with capitalism. Capitalism can be defined as an economic system “based on private ownership” where resources are distributed by the laws of a free market (Tischler, 2013, p. 402). Many theorists and practitioners have criticized this economic framework heavily. For example, Marx stressed that capitalism was an unfair world order that is doomed (Fracchia, 2017). However, some economists and sociologists have been less critical. Fracchia (2017) notes that Bernstein called capitalism an effective system that would be used for many decades or even hundreds of years. Irrespective of these differences in opinions, researchers, and practitioners agree that capitalism contributes to the spread of poverty in certain regions.

It has been acknowledged that this world is characterized by a relative lack of resources or rather different access to them. Wealthier nations have access to almost all resources scattered across the globe while poorer countries cannot extract their resources to address poverty (Thompson, 2013). The United States has always been associated with capitalism and can be seen as an example of the major vices of this system. People focus on the accumulation of resources, which means that stronger, smarter, or simply more assertive people manage to receive and often take resources from others. Such ways and practices contribute to the spread of poverty as some people find it difficult or impossible to find resources for their proper living. Historically, certain classes managed to obtain a major part of the available resources, which enables their children to retain this position. Capitalism was often associated with the lack of morality and ethical choices, which led to disproportionate allocation and use of resources.

References

Fracchia, J. (2017). The untimely timeliness of Rosa Luxemburg. In W. Bonefeld & K. Psychopedis (Eds.), Human dignity: Social autonomy and the critique of capitalism (pp. 105-131). New York, NY: Taylor & Francis.

Thompson, J. L. (2013). Sociology: Made simple. Oxford, England: Elsevier.

Tischler, H. L. (2013). Cengage advantage books: Introduction to sociology (11th ed.). Belmont, CA: Cengage Learning.

Van Krieken, R., Habibis, D., Smith, P., Hutchins, B., Martin, G., & Maton, K. (2013). Sociology. Frenchs Forest, Australia: Pearson Higher Education.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2020, October 13). Poverty: An Echo of Capitalism. https://ivypanda.com/essays/poverty-capitalism-influences/

Work Cited

"Poverty: An Echo of Capitalism." IvyPanda, 13 Oct. 2020, ivypanda.com/essays/poverty-capitalism-influences/.

References

IvyPanda. (2020) 'Poverty: An Echo of Capitalism'. 13 October.

References

IvyPanda. 2020. "Poverty: An Echo of Capitalism." October 13, 2020. https://ivypanda.com/essays/poverty-capitalism-influences/.

1. IvyPanda. "Poverty: An Echo of Capitalism." October 13, 2020. https://ivypanda.com/essays/poverty-capitalism-influences/.


Bibliography


IvyPanda. "Poverty: An Echo of Capitalism." October 13, 2020. https://ivypanda.com/essays/poverty-capitalism-influences/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1