Re: But is a fluid definition a bad thing?
"The solution to absolute poverty is free markets, trade and capitalism. so let's have those until absolute poverty is gone and then we can think again about relative poverty."
Absolute free markets, trade and capitalism is what led to american railroad robber barons, unfettered monopolies and various social issues. The number of Henry Fords amongst industrialists is negligable.
Without choking the life out of things, there is a need for regulation to prevent child labour, rapacious monopolies, large scale pollution/environmental damage and ensure fair competition in the marketplaces.
Checks and safeguards against such things have been systematically removed in the west for some time (especially in the USA).
One of the 19th century economists (Can't remember if it was Smith or another one) pointed out that there's no such thing as unlimited growth, but our markets are predicated on such things, which is why "corrections" seem to happen regularly (but irregularly enough to be unpredictable). Even 3% growth is unsustainable over a few centuries (the whole limits to growth thing).
The problem is that once you're in a mindset that constant growth is required you'll do anything to maintain that fiction, including short term stuff (such as sacrificing workers and driving the remainder beyond long-term limits) to keep it going when those very actions destroy long-term viability. (Those responsible for the destruction are usually spared from the effects of their actions and skip merrily between companies whilst making out like bandits).
The other problem to keep in mind is intelligent sociopaths - given positions of power they are extremely dangerous individuals, far more so that a sociopathic murderer may be. Under current western company laws (maximise profit for the shareholders unless directed otherwise), companies are legally required to behave in a sociopathic manner. In such an environment sociopathic individuals are able to rise to senior positions and in their quest for more personal power/wealth, inflict major damage on the structures around them. Psychological evaluation of leaders who award themselves increasing pay/bonuses whilst decreasing worker pay and/or having the company spiralling the drain would be "rather interesting".