Post
Topic
Board Economics
Re: Solution to poverty - Socialism or Capitalism?
by
Nicolas Dorier
on 14/08/2014, 11:29:08 UTC
I think Policies of governments and multinational businesses cause poverty. They are keeping people poor. They are giving all facilities and power to only the richest people and multinational companies
I agree that government tends to favor big industries instead of young business, thus preventing free market. It is more politically profitable to do so.

Quote
They have the responsibilities to the poor people
Hell no, the poor should bear the responsibility for themselves, nobody has the responsibility to take them out of misery.
However, currently, government policy prevents them to get themselves out of misery. Only free market can permit them to trade and so, attract wealth.

The definition of wealth is often mistaken to be money.
But it is not, people create wealth every time they exchange real goods without coercion.

At a restaurant you trade money against a good meal. Wealth just got created.
You valued your money less than the meal, and the cook valued the meal less than the money. The sum of the difference of valuation is wealth.
This simple act is enough to get people out of poverty, and any barrier will prevent them to get out.
Throwing money at the problem does not create wealth for the poor.

When there is poverty, we should look no farther than where is the obstacle that prevent people from trading.