Quote from: m0gliE on June 18, 2018, 09:49:06 AM

Quote from: Hydrogen on September 01, 2017, 04:40:45 AM

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.

Sure there are positive aspects on capitalism!
Anyway there is few doubts that free market is the most effective way to promote short-term innovation and short-term efficiency.

Problem of capitalism is that the money creates money... Which means that in the long term rich people become even wealthier and poor people become poorer. That's exactly what's currently happening in all western society. Poverty is decreasing not thanks to capitalism but thanks to industrialization (which is a direct consequence of capitalism of course). Once the industrialization process is indeed the capitalism effect will be to increase inequality between rich and poors. And the worst part is that as rich people become wealthier they also acquire more and more power, making them actual dictators.

Capitalism and communism have different ways but the same consequence -> Dictatorship of few people and families who have no interest in changing anything.

Agree to your own views but i do rather prefer capitalism we do see its consequences but when it comes to development you would really see the progress and example of SEA countries which do have that kind of government.They are all progressing and rank up to be on booming economy and also i do love the system where capitalism do imply. which a certain city doesnt need to sent out big percentage of tax into its capital city but rather big proportion would remain into its place itself which means industrial will be more enhanced which would create more jobs.