Capitalism is pure selfishnes, taking care of its own. It succeeds because of the energy and clarity it limitlessly has at its disposal. Socialism is high minded but goes against the biology of humankind.
In order for capitalism to interact with the society it has created, it must find means to not destroy the parts which lie outside its field of action. Philanthropy grew with prosperity, the age of christianity with the reign of the church offered care and comfort to strangers - all god's creatures.
As the industrial revolution matured, society tried to find bureaucratic solutions to the poverty in its midst. The results have been mixed and lacking for the very poor, "in deep poverty."
Deep poverty is the polar of independent wealth.
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