>Despite this, the poverty level reported by the government is one of the lowest in the developing world, ranking 6th out of 108 countries, 4th in Latin America and 48th among all countries.[0]
Further, I see it as bad for private property is tyranny, the labourer is deprived of the full value of what he creates, and the class society creates artificial necessity to provide wage labour or accumulate sufficient capital just in order to survive. For these reasons I see the system as barbaric, as with our resources it is clearly enough to do better. To say nothing of the horrendous exploitation of those in Bangladesh for example, this only being the most visible example of the exploitation Marx tells us about.
[0] https://en.wikipedia.org/wiki/List_of_countries_by_Human_Dev...