Post
Topic
Board Economics
Re: If You Hate Poverty, You Should Love Capitalism
by
jayhawk1
on 21/03/2018, 05:26:57 UTC
This is a decent youtube clip emphasizing positive aspects of capitalism.

https://www.youtube.com/watch?v=_n6ivGgb9RY

More fuel for the discussion on capitalism fire.

The main point alleged here is: "world poverty has fallen by 80% since 1970".

They claim capitalism is the main driving force behind reduced levels of poverty over the past 5 or so decades, which in turn implies capitalism creates elevated living standards.


But do you think that anyone in their right sense of mind would love to be in poverty? Poverty is like a curse and nobody likes it, although I think there are some fools that loves to find themselves in a very bad situation. Since I’m not that type of a person, I would say I’m into capitalism. LOL.