Quote from: Fortify on April 03, 2024, 06:21:36 PM

Quote from: Claudeake on April 03, 2024, 03:54:58 AM

The emergence of industrial capitalism which commenced in Europe in the second half of the eighteenth century heralded two social phenomena such as; pervasive commodification ( all productions geared for sale), and monetization (the centrality and the use of money for transactions). Sequel to this development, the entire human society became polarized into two social classes; the owners of production and labour. The latter became decomposed into different social classes such as; the middle class, working class, lower class, under class and lastly at best, though more often than not is never recond, the peasantry.
Thus, production is organized within these social complexities which is characterized with antagonisms arising from inequality, poverty, unemployment, inflation and hunger. These are the causes of the miseries in the human society in recent times.
The Great Depression in Europe in 1929 is as the results of these macroeconomic indices as stated above. Classical liberalism was not able to address the crisis, so there was a shift for the adoption of the neo- liberal paradigms such as; fiscal policy and monetary policy. These were operationalized to help manipulate aggregate demands as to minimize unemployment and inflation in Europe. It was achieved through Budgetary framework which shows the ratio of recurrent expenditures and capital expenditures and the directives of expenditures are specified accordingly.
Ever since the European countries, the United States of America and other advance countries are helped by this neoliberal permutations.
On the basis of these ideological persuasions, what really is happening to the African continent and other underdeveloped continents. Why are they not been able to liberate their continents from the contemporary crisis of global capitalism.
I would want the users of this forum to comment and contribute to this great debate. Thanks.

So... with all that garbage you typed, or likely churned out of ChatGPT in the style of an idiot, you came up with The Great Depression - which took place almost one hundred years ago, as the centerpiece of your argument that capitalism is bad? How dumb. In all the decades since, not a single better solution or alternative has come along, because for all it's faults capitalism is the best economic model out there. You really want to get to the point where you are running well regulated capitalism, because corporations will have a tendency to direct some of their profits into loosening rules for the benefit of the company and the detriment of the public, but besides that it is the best model out there.

I thought this forum is an educative one or a complete semblance of a higher educational institution where scholars and reseachers of different disciplines would visit to acquire knowledge, and I do pray that it should be so that the forum would be taken seriously.
But I'm very much surprised that someone of the status of legend in the forum would consider this piece of work that is of both master and doctorate standard a work of idiot.
If this is the way senior academicians would be rubbished by virtue of illiteracy, hatred for sound academic works, malice and mere juvenile deliquency in this forum, then there would be palpable fear for those of us in the academia to participate effectively.