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 Clueless: $180 College Textbook Says Capitalism Makes People Poor

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PostSubject: Clueless: $180 College Textbook Says Capitalism Makes People Poor   Wed Nov 02, 2016 9:30 pm

Students of sociology at Indiana University-Purdue University Fort Wayne are receiving a rather banal message on economics: capitalism is evil.

Quote :
“The basic tenet of capitalism—who gets what is determined by private profit rather than by collective need—explains the persistence of poverty. The primacy of maximizing profit works to promote poverty in several ways. First, employers are constrained to pay their workers the least possible in wages and benefits. Only a portion of the wealth created by the laborers is distributed to them; the rest goes to the owners for investment and profit. Therefore, employers must keep wages low. That they are successful is demonstrated by the more than 2.8 million people who worked full-time in 2012 but remained under the poverty level.”  
The passage appears in a textbook entitled In Conflict and Order: Understanding Society, which can be purchased on Amazon for just $150 ($30 off its list price!). The text is assigned reading for a Principles of Sociology class (S161) taught by one Robert Pettit, a professor who is rated highly on Rate My Professor.
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