Post
Topic
Board Economics
Re: If You Hate Poverty, You Should Love Capitalism
by
ymirymir
on 07/05/2018, 16:29:17 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.




I agree. If we really want to get rid poverty or being poor, then you must be brave enough to take the risks. You should be willing to release something that you have to gain something as well. We should be smart enough to do someting if we would want to gain good profit as well.