Poverty and Capitalism

Barbara Harriss-White (qeh)

QEH Working Papers from Queen Elizabeth House, University of Oxford

Abstract: While it may be possible to mitigate poverty through social transfers, it is not possible to eradicate the processes that create poverty under capitalism. Eight such processes are discussed: i) the creation of the pre-conditions; ii) petty commodity production and trade; iii) technological change and unemployment; iv) (petty) commodification; v) harmful commodities and waste; vi) pauperising crises ; vii) climate-change-related pauperisation; and viii) the un-required and/or incapacitated and/or dependent human body under capitalism. Ways to regulate these processes and to protect against their impacts are discussed. Poverty. Capitalism. Institutions. Political economy. Development.

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