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What are we ready to do to eradicate poverty?

Does our comfortable life depend on other people's poverty? A worker in Bangladesh is paid 18 cents per hour so we can have the clothes we need. Of course, retailers' profit margins can be up to 500% or more. Decide to pay more and/or companies to reduce their profits, would definitely help a lot with eradicating poverty, but are we willing to do it?

This is just an examples, of course, A more general question would be: are we ready to make sacrifices to eradicate poverty? If yes, what kind of sacrifices would you make (or maybe you made already)?


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    Jun 24 2013: Just know one thing, Poverty is a product of scarcity (not enough to go around) that our economic system perpetuates. Think about it, the ever need for more and more consumption, so that GDP and GNP rises every year is why corporations exploit 3rd world nations and their already impoverished people the way they do (not to mention even its own citizens). But not because their "evil", or "immoral", but simply because our economic system amplifies scarcity, and the more price-cuts a corporation can make on workers or products/distribution, the more they will be rewarded in the market place.

    So the inherent problem is not because companies are not cutting their profits or anything like that, the problem is the foundation of our economic system, it was created and principled by people like Adam Smith, John Lock, and Milton Freedman, all whom had the intuition that scarcity was real, and that some people naturally could acquire more than others. Adam Smith called this the "free market" - which is in itself an economic model made to benefit capital owners, and there was a life-blindness to a majority of people who would have to live poor and work hard just to make ends meet, and Adam Smith called them "the race of laborers" in his doctrine "the wealth of nations"

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