There are a ton of efforts, both from state-actors[1], NGOs[2] and individuals, seeking to eradicate extreme poverty worldwide. It is not apparent that it is "fixing itself with capitalism" or that any of the previous actors think it is going to happen.
> trickle-down effects actually exist
Citation Needed because trickle-down economics has been shown to increase inequality and not increase the quality of life for those in poverty.
> Yes, capitalism needs regulation, but it is a lie to say that the entire approach is doomed to be a race to the bottom.
Why is it a lie?
[1]: http://www.oecd-ilibrary.org/development/data/oecd-internati...
[2]: https://data.oecd.org/drf/grants-by-private-agencies-and-ngo...
That's interesting, but what is the proportion of middle-class individuals to the rest of the population, in Jordan? If there's 100 kids able to play Diablo 3 in Jordan, while every other kid their age can't afford a computer, then Diablo 3 is not a very useful metric of anything.
Jordan is one of the richest countries in the region btw.
I fundamentally disagree with a left-right x-axis; we're missing out on authoritative-liberty. Hence politicalcompass.org provides a better framework.
Some of these bandaids are authoritarian, some are liberal. For example, trademarks, patents, copyright each grant power to one or more individuals (ie. a minority) over a vast majority. Here, the free market is being regulated by the government. We consider it part of capitalism.
[1] https://www.weforum.org/agenda/2017/04/the-new-economic-mode...
Your thoughts on seasteading, even as a hypothetical?
Capitalism is a race to the bottom where the poor countries in the world are being put under the thumb. You don't have to look very far. Just look at all the CIA ops the USA has conducted in the 20th century, e.g. Allende.
[1] https://en.wikipedia.org/wiki/Anarchism_in_Spain#1936_Revolu...