CHAPTER 5 MORAL CAPITALISM AND POVERTY: MUST THE POOR BE WITH US ALWAYS?

When my pockets were full of money, all my friends were standing round; Now when my pockets are all empty, not a friend on earth can be found.

—“Rambler’s Blues,” American folk ballad

Plate sin with gold, and the strong lance of justice hurtless breaks; Arm it in rags, a pigmy’s straw does pierce it.

—King Lear, act 4, scene 4, William Shakespeare

MARKET CAPITALISM AND THE PRIVATE PROPERTY it uses to create an endless flow of wealth bring great benefits. But, within national economies and in the world at large, not everyone shares in this wealth. Consider the facts on global poverty even after a decade of dramatic economic growth, during which time private sector market ...

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