One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them." in the context of "Jim Stanford, Economics For Everyone (2008), Part 3, Chapter 14, Dividing the Pie, p. 168" to mean that wisdom is timeless.