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Of course. I know people with IQ’s of 140–150, good education (BA to MA), good looks, good social skills, good work history, etc. who are either impoverished or have a low income.
Making money is a lot more of a crap shoot than anyone thinks, especially in capitalism because capitalism doesn’t care about utilizing every member of society to their fullest potential.
The Communist countries, no matter what you think of them (and I include China here), probably would have tested all of these people early in life, realized that their intelligence at least had to be utilized by society, and set them on some sort of a track towards putting these people’s intelligence at least in positions where they could maximally benefit society and the state. The Communists were not interested in wasting human potential. In fact, they were ideologically opposed to it.
Capitalism on the other hand claims to care about human potential but actually is neither in favor of or opposed to utilizing it. It is simply indifferent to whether the human potential of society is utilized or not. Capitalism is about maximizing profits and nothing else. If profits can still be maximized while still wasting the potential of millions, capitalism is indifferent.
Furthermore, capitalism, unlike Communism, is indifferent to maximizing human potential to better society and the state. Capitalism is hostile to the state and would just as soon almost do away with it, and capitalism cares not one whit about benefiting society as a whole. As long as high profits are being made, capitalists could care less about what state society, the nation, or the ethnic group are in because they are indifferent to the well-being of all of these things.
I am not advocating for Communism or socialism here over capitalism. There are serious benefits and drawbacks to each system. But the Communists obviously did a much better job than the capitalists at getting the maximal benefit to society and the nation out of as many individuals as possible.
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