Institutional capitalism also came about and caused a

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Institutional capitalism also came about and caused a separation of corporate interests from national interests, development of the recognition of shared interests and needs of all large corporations, and the distillation of a generalized corporate outlook. Corporate wealth became leverage to force coordinated, organized, purposeful power; the power to take back control of profit from the people, the government and even shareholders.Then we begin looking at poverty. The poverty line is taken as half the median household income. Relative poverty is measured by the poverty rate and the poverty gap. The poverty rate is the ratio (%) of the number of people whose income falls below the poverty line and the total population (USA= 17%). However, two countries with the same poverty rates may differ in terms of the relative income-level of the poor. The poverty gap is the percentage by which the mean income of the poor falls below the poverty line. Our poor are the poorest of the poor apart from Mexico when we are supposed to be a
developing nation? It is when you see an increase in poverty rates you know a recession is coming on. From 1999 to present day we have added no net jobs. Meaning we haven’t caught up with the jobs lost during the great recession. Today there are about 50 million in poverty.Individuals can be poor but poverty belongs to a social group such that one or more of the following conditions are met by that group – Poverty is (1) an absolute lack of options, (2) having unknown options, (3) having a low probability of acquiring options or any combination of the three relations to options such that the health of the group is not optimal. These lowered options and this lowered average health affects life expectancy, physical and mental function, and in complex class systems, reduce respect received, self-respect, dignity allowed and hope. There are two fundamental types of poverty. The first is age-old poverty, which is one of scarcity based on a system of production that cannot of itself provide surplus and never regular surplus. The second is modern which is a poverty that occurs despite the productive capacity to produce regular sustained surplus. This is a type of poverty amidst plenty.Just as there are different types of poverty, there are also different perspectives on the cause of poverty. The first is the generational perspective on cause of poverty, which simply means that people become poor because they are born to poor parents. The second is the historical causes. This includes birth the poor parents but also disrupted food supply, insufficient resources for shelter and clothing, and severe social inequality in the distribution of limited resources. Next are the modern causes of poverty. These include birth to poor parents, economic segregation, cultural segregation, few if any examples of upward mobility, illness/disability, lowered probability of military eligibility, lowered
probability of economic “luck”, low to zero expectations. Other factors that contribute to

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