Does Capitalism create a higher standard of living?

[Kill Dat Noize]

Capitalism is great for *creating* a middle class but not *maintaining* it without socialism

That's because socialism lends itself to both opportunity and fairness.

Capitalism lends itself to opportunity and exploitation.

 

[Chris.B]

the alternative is worse

 

[Master Teacher]

What I'm saying is look what capitalism is done for Detroit! I mean maybe things will turn around now that they've run all the downtrodden out. Detroit was a powerhouse that was raped by Capitalist and "Republican" core values. Someone made money but it wasn't the people that "should have", imo.

I don't know your exact situation, but I can speak for myself and say that "capitalism" has had adverse effects on my life and I'm relatively doing alright.

Detroit is in the state it's in because of negligence and incompetence, and down right thievery of elected officials, and nothing else

 

[Master Teacher]

That's because socialism lends itself to bot

h opportunity and fairness.

Capitalism lends itself to opportunity and exploitation.

Yes but through capitalism a poor man can become a rich one rather quickly

People get exploited for what they don't know

some poor b*stard loses their home, forecloses, bad news for them

great news for some like me, who can buy it back much cheaper then what they lost it for

People despair over money and fiances, because they do not understand the system we're born in

once you realize money doesn't exists and there's no amount of debt that can kill you the less stress you will be under

Somebody working at Mcdonald's can be a home owner in Detroit, its no reason for anyone to not have a own paid for now

but guess what, people choose to ignore the world around them, its buildings in Detroit the city won't even let the Arabs buy, but guess what nobody else is trying to do shyt with them

the core heart of the problem is blacks do not invest in their own community

the Detroit Piston players could buy the entire goddamn city and become billionaires if they actually had brains and gave a damn

 

[88m3]

Detroit is in the state it's in because of negligence and incompetence, and down right thievery of elected officials, and nothing else

lol

 

[☑︎#VoteDemocrat]

Than what?

dude bodied the thread so fast

 

[☑︎#VoteDemocrat]

Once you accept that you can't save everyone, the answer becomes invariably, yes.

 

[Kritic]

Why the fukk are you still posting here, you lame racist cac?

You're basically saying that race is the reason people are poor, even though the Chinese are the same race as most South East Asians.Your posts alternate between insulting blacks and insulting other non whites'. In this post you say that SE Asians will never succeed without latching onto Chinese because SE Asians are inferior to Chinese, which is the same argument white supremacists make for blacks and whites. In fact I've heard this very same argument with the words "Chinese" replaced with "white" and "SE Asian" replaced with black. You switched them in order to avoid censure here. What a coincidence.You're worst than @Anti Hero, @Brown Ant, and the rest. They were all banned. @Brooklynzson , when will this tried-and-true st0rmfr0nt troll be banned? @concise , do you have banning powers breh?

And by the way, the Chinese were once riddled with poverty. It's only since they started feteing with capitalism that they've experienced real material growth.

dudes bullsh1t got you heated

 

[Camile.Bidan]

this post is irrelevant, for most of the 20th century china was a third world country and in a lot of ways it still is, the only reason it turned around was because china abandoned communism and embraced capitalism

You're not looking at the Chinese People as whole throughout history and beyond the Boarders of China. Chinese Immigrants have been dominating the economies of South East Asia and many other places long before Mao, Adam Smith or the Karl Marx.


Chinese immigrants and their descendants have a disturbing concentration of wealth in South East Asia. They own nearly everything out there, and despite the massive government corruption present Countries like the Philippines or Indonesia. Despite routine Genocides committed by the SEA natives, and laws that outright treat Chinese as second-class citizens. They have still risen above and are richest people in SEA.

South East Asia isn't a place of Economic freedom or market economies. The Overseas Chinese in SEA didn't need Capitalism to become an Economic powerhouse. The system matters, but it doesn't matter as much as people want to believe.

The libertarians and Neo-liberals believe that ANY nation will be transformed overnight by a free market economy. They are just as bad as the progressives. Only certain nations and certain groups will see massive economic benefits from Capitalism. A nation like China definitely will definitely reap the benefits of a market economy, but there are other nations were Capitalism won't change anything.

 

[WaveGang]

does a higher standard of living relate to the products you can consume that are either killing you or your pockets

 

[Scientific Playa]

A well managed mixed socialism/capitalism system seems to work very well for Norway.


Thriving Norway Provides an Economics Lesson

http://www.nytimes.com/2009/05/14/business/global/14frugal.html




One government CAN spend wisely: Everyone in Norway becomes a millionaire as parliament's cash stockpiles reach 1,000,000 kroner for each person

• Sovereign wealth fund ballooned due to high oil and gas prices
• Set up in 1990, the fund owns around 1 percent of the world's stocks
• Money is equivalent to £100,000 in sterling per person
• Norwegians will not be able to access or spend the money

http://www.dailymail.co.uk/news/article-2536424/Everyone-Norway-millionaire.html#ixzz2vBF9po5O

 

[Chris.B]

A well managed mixed socialism/capitalism system seems to work very well for Norway.


Thriving Norway Provides an Economics Lesson

http://www.nytimes.com/2009/05/14/business/global/14frugal.html




One government CAN spend wisely: Everyone in Norway becomes a millionaire as parliament's cash stockpiles reach 1,000,000 kroner for each person

• Sovereign wealth fund ballooned due to high oil and gas prices
• Set up in 1990, the fund owns around 1 percent of the world's stocks
• Money is equivalent to £100,000 in sterling per person
• Norwegians will not be able to access or spend the money

http://www.dailymail.co.uk/news/article-2536424/Everyone-Norway-millionaire.html#ixzz2vBF9po5O

doesn't work with 300 million people.

apples and oranges

 

[Scientific Playa]

doesn't work with 300 million people.

apples and oranges

depends on how much the managers/stake holders of 300 million piss away down the rabbit hole of debt and corruption.

9/10/2001: Rumsfeld says $2.3 TRILLION Missing fro


CBS Reports Pentagon Cannot Track $2.3 Trillion - WantToKnow.info
According to some estimates we cannot track $2.3 trillion in transactions


Black Budget: US govt clueless about missing Pentagon $trillions

 

[godkiller]

depends on how much the managers/stake holders of 300 million piss away down the rabbit hole of debt and corruption.

9/10/2001: Rumsfeld says $2.3 TRILLION Missing fro


CBS Reports Pentagon Cannot Track $2.3 Trillion - WantToKnow.info
According to some estimates we cannot track $2.3 trillion in transactions


Black Budget: US govt clueless about missing Pentagon $trillions

Embezzle trillions and get away with it, brehs.

 

[Poitier]

Once you accept that you can't save everyone, the answer becomes invariably, yes.

What does "save" mean?