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I think the point is that even mediocre people will do alright under a truly vibrant economy, and that "poverty," and I think he means real poverty and not the working class guy who's getting by, though maybe not rich, is really the result of something else than a mere lack of money. Rather, the lack of money is the effect of something else... a defective people, and that's a problem you can fix my throwing money at it.
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@PraxisOfEvil I would say the right-wing analog to this is "The Self-Made Man." To ascribe to capitalist meritocracy you have to believe that people of ability and talent will rise to the top even from humble beginnings, while those who fall to the wayside either didn't work hard enough or just weren't exceptional enough to make it. This helps justify to older generations leaving their children nothing or doing little to help them, since they're just expected to be able to succeed and achieve greatness solely through their own abilities.
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@MeBigbrain @PraxisOfEvil i've always saw it as something like "everyone can't be rich"
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The best takedown of the leftist romanticizing of poverty I've seen yet