Good grief! These neo-Socialists just won't go away.
It is demonstrably, patently impossible to "eliminate poverty thoughout the world". Wait, perhaps the last umpteen failed Socialist/Communist/Utopian pies in the sky were just flukes. Let you run things, and it would all work beautifully, right?
Spare me.
Well, if you want to get technical, a certain level of socialism seems like a good idea, not all out- but you can't really treat any element of socialism as bad for virtue of it being a component of socialism. Keynes, anyone? (It's worth noting also that Norway currently owns bragging rights to the highest quality of life in the world, despite a significantly smaller GDP- clearly some socialism can't be that bad.) Like everything else, the best is gained from a mixing of both elements.
"It is demonstrably, patently impossible to 'eliminate poverty thoughout the world'."
I beg to differ, one could exterminate the people living in poverty. Evil, but possible nonetheless.