Well it's sad that you believe that S.A. have similar problems with black americans since it is obvious that their situations are very different.
What are you even talking about? You're interpretation of what I wrote is way off, I talked about how a privatized central bank would not work since it doesn't provide a foundation for a economic system that benefits the country as a whole. You talking about transferring knowledge
I know where you are going with that though, you want it to relate back to the education argument and it's tiresome TWISM, it's ridiculous how that's your only solution.
The scenario with Bill Gates doesn't apply to a country like S.A. because, 1. it is not one of the arguments presented to why Mandela sold out black people 2. One person getting all that wealth would not benefit the country, which is the main argument and 3. my scenario, which you tried to counter, showed an example of a person
not being able to get a higher education since they are economically and physically restrained to other duties.
YES, OH YES. Black S.A. don't have the ecosystem, that is exactly what is presented in the article. Their environment does not allow them to gain a better education or grasp the complexities of being financially successful, that is exactly what I'm saying.
We're not talking about social welfare so I won't even dive into the next point.
MY example is perfect because a white family IS NOT in that situation. They can be, but they're not. S.A. are currently in the mix of transferring white land to black farmers because of the unfair distribution which shows that white farmers do not suffer from not being able to live off their land or that it hinders their other ambitions.
at a sob story being the story of the average black farmer in S.A..
#5 is just....is just...vulgar. I won't even devote any time to what you said because clearly you do not know the effects of the financial industry and the importance of a neutral central bank.
i dont think the situation between AA and black SA is exactly the same, but the fundemantal issue is the same, which is education
what am i talking about with my bill gates scenario? well lets go back and go step by step
somebody made this thread with an article that spouted all these statistics about inequalities in south africa and said that mandela sold out, my point is that the inequalities were inevitable because black south africans lacked the capacity to absorb the wealth because in the modern western world wealth is abstract
you said no its because of the private central bank and that money s very liquid
apparently you misunderstood or i didnt explain what i meant by abstract, i wasnt referring to liquidity, i was referring to the knowledge base, the ecosystem and the financial systems that support bill gates, those things are abstract, you can transfer cash, but you cannot transfer the knowledge of how to look at a balance sheet, how to do an IPO or write computer programs or have access to highly educated people to consult with, those abstract things cannot be transferred overnight the way cash is and those things are the foundation of bill gate's wealth
and so that is why i use the example of bill gates transferring wealth to a shanty town resident, i wasnt trying to counter any direct argument you were making about the central bank or the herder, i was just elaborating on my point about how wealth in the modern western world is abstract
and to elaborate further, the point is that what makes the US, japan and other countries wealthy is the knowledge and the financial systems backing them so that even bill gates would make a cash delivery of half is wealth to a shanty town resident or all the residents, the next day and during the next few years bill gates would still end up richer because he has the knowledge and the financial systems to create wealth and create products and the shanty town residents dont and considering the level of literacy and the level of knowledge of a typical shanty town, it would take decades for the shanty town resident to be equal with bill gates
so the point is that the knowledge gap between a black south african and white south african is the main reason for the wealth gap, that is what is going on, it is not that mandela sold out and its not the central bank
so you (meaning the threadstarter and the author) cannot simply spout some inequality stats and say mandela sold out or SA is failure, that was my point
im 10000% behind spending money to bring education and a knowledge base and financial ecosystem to shanty town residents and the poor and black people of SA, that is why i always make a big deal about the importance of individual rights and economic rights and capitalism, those abstract ideas are key to to participating in the capital markets domestically and internationally and those vital abstract concepts are a lot times missing from both african american culture and african cultures
using my example i wouldnt want gill gates to make a cash transfer to a shanty town, i would like the shanty town residents to have bank accounts and brokerage accounts and buy stock in microsoft, that is the proper way to "transfer wealth", the proper way to "transfer wealth" is through trade in the capitalistic financial systems
and as for your example of the sheep herder, we should spend more money on getting him an education, but im just pointing out the fundamentals of why he has trouble getting an education, the primary reason is that his parents themselves dont have an education, education is something that fundamentally happens at home, children are suppose to learn how to read and count at home, ideally anyway
secondly the other problem is the ratio of children to educated adults in the community, the low number of black educated adults makes it much harder to teach all black children and it makes it herculean task getting enough schools and teachers, not to mention quality
the issue of the black student having to go work is clearly an issue of the parents and it goes back to my point about how culture is directly linked with education, if you come from a culture that puts herding goats over learning how to read.......hmm..lets just say that culture and that community will have problems creating a modern knowledge base, and points to the fact that its not just the government that has to change, black people have to change the way they do things, any parent that would send a child out to work instead of school is himself or herself part of the problem of black poverty and its why even if you spend a lot of money it wold take decades to create the level education and the proper culture to participate in the modern capital markets and financial systems
as for as the private bank business, i have no idea how you connect that to anything, why cant a country operate with a private central bank? feel free to break it down for me instead of just stating your conclusion that the world will come to an end, break it down technically, not politically and not using some marxist gibberish about the importance of nationalizing everything in south africa including the mines
. it's gotten late for me. i've saved it for later. 