Above all, capitalism wastes human life. The U.S. spends billions to warehouse 2 million people—many of them young Black and Latino men—in overcrowded prisons. It provides sub-par education to millions of poor students, sending a message that their lives will amount to nothing.
Are people homeless in America because there’s a shortage of homes? And if that’s the case, is there a shortage of homes because we don’t have the concrete, the wood and the steel to build them?
The truth is that under capitalism, there’s no incentive to build low-cost housing for the homeless—because it isn’t profitable to do so.
The same goes for the more than 800 million people in the world who go hungry. It isn’t profitable to feed them. So food is stockpiled or destroyed rather than distributed to them.