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'''Cost of living''' is the cost of maintaining a certain standard of living. The capitalist | '''Cost of living''' is the cost of maintaining a certain standard of living. The [[Capitalism|capitalist]] economic system seeks to extract as much profit out of consumers as possible, which tends to result in ever-increasing costs of living. | ||
[[Socialism]], on the other hand, is able to rationally reduce the cost of living to alleviate the burden on the wage-earning proletarian class.<ref>{{News citation|journalist=Dan O'Rourke|date=2022-02-08|title=Cost of living crisis caused by capitalist chaos|url=https://www.socialistparty.ie/2022/02/cost-of-living-crisis-caused-by-capitalist-chaos/|newspaper=Socialist Party (Ireland)}}</ref><ref>{{News citation|journalist=James Kilby|date=2022-02-03|title=Cost of living crisis: Fight inflation with socialist policies!|url=https://www.socialist.net/cost-of-living-crisis-fight-inflation-with-socialist-policies.htm|newspaper=[[Socialist Appeal]]}}</ref> | |||
== References == | == References == | ||
<references /> | <references /> | ||
[[Category:Stubs]] | [[Category:Stubs]] | ||
Revision as of 18:58, 23 February 2022
Cost of living is the cost of maintaining a certain standard of living. The capitalist economic system seeks to extract as much profit out of consumers as possible, which tends to result in ever-increasing costs of living.
Socialism, on the other hand, is able to rationally reduce the cost of living to alleviate the burden on the wage-earning proletarian class.[1][2]
References
- ↑ Dan O'Rourke (2022-02-08). "Cost of living crisis caused by capitalist chaos" Socialist Party (Ireland).
- ↑ James Kilby (2022-02-03). "Cost of living crisis: Fight inflation with socialist policies!" Socialist Appeal.