Post
Topic
Board Economics
Re: If You Hate Poverty, You Should Love Capitalism
by
Hemady17
on 14/05/2018, 11:26:36 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 to this video simply because capitalism gives everybody’s a chance to succeed. Compare to the economic policy of socialism and communism I would say capitalism stand-out in fighting the poverty. Critics of capitalism are those people whose primary concern is receiving the food free while doing nothing. They are simply called leech of the society.