The primary cause of the Irish poverty was the issue of money as debt and also the clandestine control by Fɾҽҽmαsσɳɾყ of the quantity of money in circulation:
“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
The "Celtic Tiger" phase was a ruse. Vast investments by the EU (no doubt in co-ordination with the controllers of the Irish banking system) were effectively a bribe to fool the people of Ireland into surrendering their sovereignty to the European (crypto-communist) superstate. With the passage of the Lisbon treaty, they achieved their aim and thereafter the money supply was deliberately contracted, so as to leave many in debt after the cheap credit gorge, sovereignty and freedoms surrendered and citizens increasingly in thrall to the State.
Capitalism is an egregious economic system that reduces the individual to a unit of production and places profit maximisation to holders of capital above personal, family and social well-being and distributive justice. A just economic system would be co-operative in the manner described in the Acts of the Apostles:
Acts 4:32-35
"And the multitude of believers had but one heart and one soul: neither did any one say that aught of the things which he possessed, was his own; but all things were common unto them. And with great power did the apostles give testimony of the resurrection of Jesus Christ our Lord; and great grace was in them all. For neither was there any one needy among them. For as many as were owners of lands or houses, sold them, and brought the price of the things they sold, And laid it down before the feet of the apostles. And distribution was made to every one, according as he had need."
However, given the fallen state of man, society would need to be strong in grace for this to be workable for theoretical communism espouses these principles and as we have seen, without grace, the strong will exploit the weak.
Psalms 36:14
"The wicked have drawn out the sword: they have bent their bow. To cast down the poor and needy, to kill the upright of heart."
Thus private property rights are a bulwark in defence of exploitation, but a healthy co-operative system can still function without property being held in common..