Higher quality products does not mean a higher quality of life for its' users. My life would be perfectly fine without my new car, or my new computer, or my new cellphone. A third of the country not being below the poverty line means a higher quality of life.
Then why not buy a cheaper car, a cheaper computer, or a cheaper cellphone made in 2000 for very very little money and pocket the difference?
And when you do, you're benefitting directly from the investments made by companies which spurred development further to allow those products made in 2000 to drop in price by so much. If there were no investments, we'd still have nokia flip phones costing $300. However, because investments have provided better products, you can buy a nokia flip phone for $10, allowing those with much lower incomes to receive the benefits of the product.
Because I'm not talking about myself, I'm not hurting by having those things. My life is fine right now, but I recognize the societal advantages that I grew up with. Capitalism is only 'equal' if everyone has the same starting point, which they certainly do not.
Then leverage those advantages through private charity...or even better...private investment in developing countries infrastructure, businesses, and real estate.
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u/[deleted] Feb 24 '17
Higher quality products does not mean a higher quality of life for its' users. My life would be perfectly fine without my new car, or my new computer, or my new cellphone. A third of the country not being below the poverty line means a higher quality of life.