Today’s podcast delves into the causes of poverty in America, as examined by Louis O. Kelso and Patricia Hetter. The discussion debunks common misconceptions about why people are poor, such as lack of education, laziness, or living in impoverished areas, and argues that the main reason is the lack of accumulated wealth and productive capital.
The video critiques current U.S. economic policies focusing on employment rather than enabling poor individuals to become capital owners, highlighting how this perpetuates economic inequality. The script calls for a shift in national policy to address the root causes of poverty by allowing more equitable ownership of productive capital.
00:00 Introduction: Why Are So Many Americans Poor?
00:05 Debunking Common Myths About Poverty
01:47 The Real Reason Behind Poverty
01:58 Economic Productive Power Explained
02:32 The Role of Capital in Wealth Creation
02:52 Flaws in National Economic Policy
03:28 The Cycle of Capital Ownership
04:44 A Call for Economic Reform
CLICK ON THE LINKS, NOT THE PHOTO
You must click on the link below to get to the video, not on the photo.
Why Are So Many Americans Poor?
(The links right above are what you’re supposed to click on.)
And if you want the playlists for previous videos:
Economic Personalism (The Book)
Economic Personalism v. The Great Reset
Socialism, Modernism and the New Age
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