If You Hate Poverty, You Should Love Capitalism

[Hydrogen]

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.

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[davis196]

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.

You should promote this video to anti-capitalist "social justice" activists who hate capitalism ,but use computers and smartphones.
I don`t hate capitalism,i hate the bankster cartel of all central bankers,that are trying to ruin the markets and steal peoples savings with the negative interests policy.
The demographic growth of the third world population keeps the poverty levels high.This is the main issue to focus on.

[jekjekman]

Capitalism has its own advantage and disadvantage of course, for me poverty really destroy a human nature when it comes to one's environment and any different kind of living and the way people in poverty look the world in their life.

But people in poverty must tend to realize that they must do something to get out there and not blaming who is in control with the system. The only thing we can do to the less fortunate people is to help them to realize this and not to spoon feed them.

[Yuhee]

Capitalism has its own advantage and disadvantage of course, for me poverty really destroy a human nature when it comes to one's environment and any different kind of living and the way people in poverty look the world in their life.

But people in poverty must tend to realize that they must do something to get out there and not blaming who is in control with the system. The only thing we can do to the less fortunate people is to help them to realize this and not to spoon feed them.

For me capitalism  especially if that private entity is really the one funding everything for the economy of a country. From what i see, if a government funds a road, the budget becomes lesser the more people there are in that project. Example, government gave funds to a mayor for a road at 20 million. He told the engineer the allocated budget is 18 million, then the engineer only used 15 million during the span of that project. Now i know there are still a lot of people in a project but its just my example.. Where as a private entity can come from just one budget there fore he can pay everyone at there own expense without any budget being corrupted. I think some people should really realize how capitalism actually helps economically.

[Hydrogen]

I wish schools & the media wouldn't promote safe spaces.

Its difficult to know pros & cons of capitalism or socialism when discussion and debate on those topics is stifled.

It is difficult for people to be educated, informed or support the correct stance when information on these topics is censored.

If we're to create a better world, these things are important.

[beerlover]

Everything has its own pros and cons. Capitalism, no doubt has worked positively for the people who are unable to feed their families. Capitalism has raised the standard of living, thus giving more opportunities to earn more. I personally consider it the best economical system.

[Kemarit]

Everything has its own pros and cons. Capitalism, no doubt has worked positively for the people who are unable to feed their families. Capitalism has raised the standard of living, thus giving more opportunities to earn more. I personally consider it the best economical system.

I have nothing against Capitalism, in fact I own a business so I consider myself a capitalist. I also have some business outside and I have workers, and I felt that somewhat I help them to put food in front of the table for the families and I haven't found one of them disrespectful as other capitalist have been experiencing. They look at capitalist as vultures, opportunistic bloodless human person that will take any opportunity to profit. But so far, I haven't felt this to my workers so I'm happy to be called capitalist. Of course, you are the first person that they will go to incase of emergencies, so you need to a lot of patience dealing with them. Also you need to firm if not they will abused you. So for me, capitalism has also a good side of it.

[CaptainNash]

Everyone should read:

"The Rational Optimist"

and

"Sapiens"

Amazing books on human history and will put everything in perspective. There aren't really any arguments for systems other than capitalism, but what we will start to see is a sort of neo-capitalism driven by the blockchain revolution. The role of government will be even less, continuing to move away from socialism while eliminating more and more of the 'bad' parts of capitalism.

[darkangel11]

Do you really believe there's no poverty in capitalism? It's there' just like in any other system. Capitalism allows people with money to easily make more money, while communism allows people with power to make more money. The social structure in both capitalism, communism/socialism and dictatorship is different, but all classes still exist!
I advise you to go to the legendary land of capitalism, the US of A and check out how many homeless people there are sleeping on the streets.

[Seansky]

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.

I dont hate capitalism but it didnt really reduced the levels of poverty over the past 5 or so decades. In fact, poverty now is becoming widespread, there are more homeless men and women now compared to the ones in the past. Just look at the USA, there are many homeless people there so therefore I conclude that capitalism doesnt really elevate living standards of all, but elevates the way of making money of those who have money.

[Hydrogen]

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.

I dont hate capitalism but it didnt really reduced the levels of poverty over the past 5 or so decades. In fact, poverty now is becoming widespread, there are more homeless men and women now compared to the ones in the past. Just look at the USA, there are many homeless people there so therefore I conclude that capitalism doesnt really elevate living standards of all, but elevates the way of making money of those who have money.

Said increase in poverty is caused by large increases in wealth & wage inequality.

Here is a great example.



It isn't capitalism that is responsible for poverty increasing over the last few decades, it has more to do with how wealth and wages are distributed and the trend towards them being distributed unfairly.

[CryptoBry]

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.

To be honest, capitalism is not a perfect economic system...it was not perfect before, not perfect now and will never be perfect in the future. It has so many flaws...but the thing is that there is no other system that is much better...meaning to say that all other systems of economy are even much worst than capitalism.

Socialism has failed in so many aspects and there are now many nations who are big admirers of socialism who are experiencing some level of economic collapse.

I will always go for capitalism though there is no stopping us to also introduce some economic cushioning for people who find a hard time to compete in an open field.

[funkenstein]

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.

I also argue for capitalism, but you present here the worst argument ever.  Correlation is not causation.  Not only is it unclear that capitalism is meaningfully adopted (in a centralized fiat monetary system you hardly have market forces at work) but also the context of increased technology and infrastructure hugely important for poverty is .. .  simply ignored!! 

 

[Gabb]

This is a pure sophism since capitalism will always define the concepts of poverty or wealth according to its own consumerist and destructive parameters, so that the individuals who consume the most are usually considered the richest, and not those who live happily despite their austere habits.

[funkenstein]

This is a pure sophism since capitalism will always define the concepts of poverty or wealth according to its own consumerist and destructive parameters, so that the individuals who consume the most are usually considered the richest, and not those who live happily despite their austere habits.

* funkenstein searches for the like button

[michkima]

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.

Not sure, but I think world poverty is still high and we cannot say that capitalism has done something to solve the problem. I think the problem always has always been greed. Governments spends so much money for warfare which amounts to trillions of dollars a year. But to be honest, world hunger and poverty can already be solved just with a trillion dollars. But what are governments doing?

[neurotypical]

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.

Capitalism has granted decreased world poverty by 80% since 1970, the real question is...: Can it keep doing it in the future? Can it just keep delivering? Look around.. more and more of the jobs that used to provide people with incomes are getting destroyed by automation. Automation is good, so you can't simply keep the machines away because the machines make our lives easier.

So what is the solution? Because I don't see any other solution beside basic income in order to guarantee all the destroyed jobs don't make even more people poor. And these claims of "but new jobs get created" are delusional, jobs get destroyed at an higher rate than they are created.

[Kronos21]

I think it's an exaggeration. We know the capitalist countries in which many poor people. For Example India. And we know that a socialist country like Sweden where there is poor. The number of poor in the country depend on the fairness of the distribution of monetary resources.

[gentlemand]

Just as true communism has never existed, nor has true capitalism. If you took a proper look at how US defence companies are funded it's veering towards socialistic paternalism. Each one is funded to keep them all ticking along happily enough even when there are clearly superior and cheaper alternatives.

Truly unfettered capitalism would be just as corrosive as all the other failed systems.

[Mahanton]

I think it's an exaggeration. We know the capitalist countries in which many poor people. For Example India. And we know that a socialist country like Sweden where there is poor. The number of poor in the country depend on the fairness of the distribution of monetary resources.

This line that you have mentioned. It is really indeed true that this would really be a great thing but having a fair distributions is nearly impossible on most countries which we would really able to see there are still poor on the place.As long there are people who dont really care on that equality.

[Gozie51]

Basically many modern societies are capitalist where we have the bourgeois (known as the employers) and the proletariats(known as the employees )- as postulated by Karl Marx.
In my view,  the point then is, it is poverty that has made more capitalist to emerge both individuals or country because of the struggle to survive as also opined by Herbert Spencer (survival of the fittest ). Poverty is in the land & people are trying their hands in different fields and daring new grounds and eventually emerging as new employer, you can name them even globally ranging from those who have made there mark in social media, comedy, arts & culture science & technology, health, hospitality industry etc.

[bouren]

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.

First of all Increase in GDP doesn't implies increase in Welfare.
No doubt Capitalism is fuel for the economy and make it productive. But may not give desired results due to following points -
1. Inflation - Even if capitalism raises national income, it always contribute to increasing prices and therefore worse the situation if inflation rate is more than growth rate.
2. Per Capita Income - However, we cannot stick to one measure if we have more contradictory measures like population. When population increase is more than growth than capitalism becomes irrelevant as poors lose.

[twicezeroiszero]

I think it's an exaggeration. We know the capitalist countries in which many poor people. For Example India. And we know that a socialist country like Sweden where there is poor. The number of poor in the country depend on the fairness of the distribution of monetary resources.

This line that you have mentioned. It is really indeed true that this would really be a great thing but having a fair distributions is nearly impossible on most countries which we would really able to see there are still poor on the place.As long there are people who dont really care on that equality.

Actually, if you work hard everyday and never give up your job, you can get rich in someday.
Believe me, because our life never have bad treat poorly with those who are diligent, humble and not waste money.

[Fortify]

There is one very key word that is missing from the thread title: "Regulated" Capitalism. It is the nature of a capitalist business to seek a monopoly as the most efficient means to keep it's profits flowing. Not only does it seek the monopoly, but it seeks to continue the monopoly and this means putting up barriers to competitors. This all leads to a bad end result for most consumers. That is why you need sensible market regulators, who contain the greedy while sharing the funds necessary for government.

[Dart18]

It is just the same for every kind of rule.
It will always be the richest that is up there.
Why not give the poor a chance to be the capitalist. Maybe we will see how they are all better than those who have been rich since birth.
The thing is there will always be slavery in this world for any kind of government system.

[Tyrantt]

Just as true communism has never existed, nor has true capitalism. If you took a proper look at how US defence companies are funded it's veering towards socialistic paternalism. Each one is funded to keep them all ticking along happily enough even when there are clearly superior and cheaper alternatives.

Truly unfettered capitalism would be just as corrosive as all the other failed systems.

So are you saying that true communism would actually work?   Well yes and that's pretty much capitalism, each one needs a sponsor a donator to fund them in order to start things or keep them going for a cut of a profit. just like how first pc was made and distributed and even how Tesla had things going, he was given funds by a wealthy person. in this case, government is that wealthy person. There is no perfect system, there are just ones that work better.

[malboroman]

Just as true communism has never existed, nor has true capitalism. If you took a proper look at how US defence companies are funded it's veering towards socialistic paternalism. Each one is funded to keep them all ticking along happily enough even when there are clearly superior and cheaper alternatives.

Truly unfettered capitalism would be just as corrosive as all the other failed systems.

So are you saying that true communism would actually work?   Well yes and that's pretty much capitalism, each one needs a sponsor a donator to fund them in order to start things or keep them going for a cut of a profit. just like how first pc was made and distributed and even how Tesla had things going, he was given funds by a wealthy person. in this case, government is that wealthy person. There is no perfect system, there are just ones that work better.

Communism can work in ideal world. But in place where each human has his or her owen incentives, it will never work. That is the problem.

[Xavofat]

Just as true communism has never existed, nor has true capitalism. If you took a proper look at how US defence companies are funded it's veering towards socialistic paternalism. Each one is funded to keep them all ticking along happily enough even when there are clearly superior and cheaper alternatives.

Truly unfettered capitalism would be just as corrosive as all the other failed systems.

So are you saying that true communism would actually work?   Well yes and that's pretty much capitalism, each one needs a sponsor a donator to fund them in order to start things or keep them going for a cut of a profit. just like how first pc was made and distributed and even how Tesla had things going, he was given funds by a wealthy person. in this case, government is that wealthy person. There is no perfect system, there are just ones that work better.

Communism can work in ideal world. But in place where each human has his or her owen incentives, it will never work. That is the problem.

By your logic, unregulated capitalism (or "anarcho-capitalism") would not work.  Let me explain:

-In a society with no government, anyone could steal property because there is no significant body protecting the existence of it.
-Because of this, private firms would develop which help to protect people's homes
-The private firms are incentivised by profit, so the best security is for rich people

Therefore, rich people can protect their property while poor people cannot.  Because you claim that people act based on their incentives, that would mean that rich people would become oppressive and control poor people's homes, thus making the transition to "anarcho-capitalism" utterly pointless.

[Mahanton]

I think it's an exaggeration. We know the capitalist countries in which many poor people. For Example India. And we know that a socialist country like Sweden where there is poor. The number of poor in the country depend on the fairness of the distribution of monetary resources.

This line that you have mentioned. It is really indeed true that this would really be a great thing but having a fair distributions is nearly impossible on most countries which we would really able to see there are still poor on the place.As long there are people who dont really care on that equality.

Actually, if you work hard everyday and never give up your job, you can get rich in someday.
Believe me, because our life never have bad treat poorly with those who are diligent, humble and not waste money.

It would really depend on your hard work and possibilities of getting rich is really possible and as you said we should not really waste off money and be wise on how to spend it and invest at the same time.This is some way on which you would really taking your road into that state.Getting rich wont really be an easy thing and you would really still need to face lots of challenges or failures.

[Sir Cross]

I hate poverty in the sense that it brings about bad conditions for people and that it makes them live a difficult life, but I also don't agree with capitalism. I have accepted the fact that in a society, there will always be a class system and that poverty cannot be 100% alleviated, especially if the rich prevails. I still continue to pity the poor and wish I could do something more for them. I've been active in public service and try to help in my capactity but this is simply how society works. I don't think everyone can ever be 100% equal.

[Vikingr]

This is a pure sophism since capitalism will always define the concepts of poverty or wealth according to its own consumerist and destructive parameters, so that the individuals who consume the most are usually considered the richest, and not those who live happily despite their austere habits.

Well you cannot call those parameters as consumerist and destructive. Capitalism is no doubt helping the people who cannot fulfill their daily needs. It is very unique concept. A concept which must be appreciated by all of us. It removes the difference between rich and poor in a way that everyone can enjoy their rights.

[Hydrogen]

Just as true communism has never existed, nor has true capitalism. If you took a proper look at how US defence companies are funded it's veering towards socialistic paternalism. Each one is funded to keep them all ticking along happily enough even when there are clearly superior and cheaper alternatives.

Truly unfettered capitalism would be just as corrosive as all the other failed systems.

One observation that may be made of true capitalism, true socialism and similar "true" based systems. All might be defined in terms of being very centralized. True socialism is defined by a structure where power is centralized within a state or government. True capitalism is defined by a structure where power is centralized primarily within the private sector.

The most successful systems of socialism & capitalism may be defined in terms of being decentralized. Power being decentralized between government socialism and private sector capitalism. A decentralized balance rather than monolithic centralization.

[Webetcoins]

Just as true communism has never existed, nor has true capitalism. If you took a proper look at how US defence companies are funded it's veering towards socialistic paternalism. Each one is funded to keep them all ticking along happily enough even when there are clearly superior and cheaper alternatives.

Truly unfettered capitalism would be just as corrosive as all the other failed systems.

One observation that may be made of true capitalism, true socialism and similar "true" based systems. All might be defined in terms of being very centralized. True socialism is defined by a structure where power is centralized within a state or government. True capitalism is defined by a structure where power is centralized primarily within the private sector.

The most successful systems of socialism & capitalism may be defined in terms of being decentralized. Power being decentralized between government socialism and private sector capitalism. A decentralized balance rather than monolithic centralization.

Well your elaboration and concept clarification is nice and easy to understand. No doubt capitalism has worked very wisely and very positively for the betterment of the people who are not having another source and who are not able to serve their families, it has increased the income and it has raised the standard of the living and giving the sources of the income so for me it is the best step all the time.

[Jannatul Shefa]

If i hate poverty i don't think i have to love capitalism. In many capitalism country here are a huge amount of poor people.  So how can i love capitalism?
I think i should chooe socialism.

[funkenstein]

I'm just gonna paste Orlov's recent blog entry here in case anyone is interested: 

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Poverty is a major problem around the world, but it is not evenly distributed. Some countries, such as China and Russia, have in recent decades succeeded in raising many of their citizens out of poverty. For example, the real incomes of a majority of Russians have doubled more than once since the beginning of the century, while in China the explosive growth of cities and of manufacturing has improved the fortunes of many millions of former peasants. The result, readily observable, is enviable political stability and widespread optimism and confidence (if not satisfaction) with the overall direction.
In the meantime, in the formerly wealthy but now virtually bankrupt countries of the West, and in the United States especially, homelessness has been steadily increasing, the number of people on public assistance has been setting new records, the opioid epidemic is claiming more victims every day and major cities, such as Chicago and Baltimore, have turned into shooting galleries to such an extent that some obscure local official (not, mind you, Chicago’s Mayor Rahm Emanuel, as has been widely reported) has recently asked the UN to send in peacekeepers to stop what he has called “a genocide.” The result, again readily observable, is political instability and widespread dissatisfaction with the overall direction, as evidenced by such phenomena as Trump, Brexit, the electoral failure of major political parties in France, Germany, Austria and elsewhere, separatist rumblings in Spain and Italy and the manifest fecklessness of both elected national officials and the unlected EU ones in Brussels.

Just going by the numbers, it is now possible to speak of the manifest failure of capitalism, as has been proclaimed loudly by Thomas Piketty et alia. As reported by World Inequality Lab, since 1980 income inequality has increased in practically all countries in the world. Over the intervening period the top 1% has received more income than the bottom 50% and now controls more than half of all the wealth on the planet. The largest increases in income inequality were seen in North America, China, India and Russia, although the effects differed in each case because income inequality had already been very high in North America and India while it had previously been among the lowest in the world in China and Russia.

The function of a society is to improve the well-being of its members. It is not the function of a society to make it easy for a tiny minority to prey upon the vast majority and drive it into destitution. Capitalism fails this basic test. When societies fail this basic test, they fall apart and the tiny minority get subjected to experiments such as the guillotine. How far away any given society is from such an event, and whether it is heading away from it or toward it, can be observed by watching the politics. Observe that Putin, during his recent national Q&A, announced that the prime objective of his next term as president will be to raise the incomes of the general population. Observe that Trump, with his tax reform package, is seeking to cut corporate taxes, eliminate estate taxes, increase federal budget deficits and generally shift the burden for all the previous economic policy failures from the very rich and onto the general population.

But the numbers churned out by economists, amusing though they may be, are, to my mind, borderline meaningless. To me, it makes sense to measure physical quantities—flows of matter and energy, information flows—but to measure the flows of money is to engage in group hallucination. The problem is that money doesn’t feel like anything—it’s just digits, as sexy and fulfilling as a train schedule. (Yes, there are a few nerds who love train schedules, but leaving them aside…) To make money feel like something, it has to be used, and there are two main ways to use it: to give pleasure through its surplus and to cause pain through its deficit.

Look at what the rich do: they are constantly jostling for the best way to make themselves look as rich as possible while remaining within the bounds of what they consider “good taste.” Just floundering about with naked women in a bathtub full of gems and gold bullion is not considered in “good taste.” The manifestations of massive wealth have to be understated and fashionable yet unmistakably signal that money is no object. Those new to money signal their wealth through multimillion-dollar weddings for their daughters or by buying megayachts, while those a bit further along the aristocratic continuum from nouveaux-riches to guillotinés achieve the same good feeling through sponsorship or through public shows of charity and largess. But the amount they spend on wealth signaling is tiny in proportion to their overall net worth. Most of it is bound up in what will in due course become stranded assets. We’ll return to that point in a moment.

Meanwhile look at what the poor do. Most of them languish in misery. A few of them attempt to beat the long odds by working hard, self-educating, educating and tightly disciplining and controlling their children. But even fewer succeed at this because there is a structural feature in their way: a wide moat that separates the rich from the poor. In that moat, tax donkeys are drowned in red ink—be they the poor struggling to rise out of poverty or the former middle class that has lapsed into poverty. One of the best ways to make it past this moat is to break the law, and that is hard to do alone. Thus, the best, and traditional, way to do it is to form a mafia, and become a law unto yourselves—very rough and violent at first, and progressively more legalized and legitimized. This is the basic methodology of aristocratic succession, and it has been practiced for millennia now. Scratch through the aristocratic veneer and you will find a former gangster, or a descendant of one.

But virtually all of them, both rich and poor, are seduced—not by wealth, for wealth itself is ephemeral and cannot be directly experienced—but by the displays of wealth employed by the rich, who are forever looking for new ways to flaunt their wealth. And virtually all of them are made miserable by this experience, because all of them, with the possible exception of Jeff Bezos, are not rich “enough.” Since wealth is just a number, and numbers only function in comparison with other numbers, “enough” can only mean one thing: richer than anyone else, and that leaves us with just Jeff Bezos, the happiest bozo on this bus to nowhere.

Why is the bus going nowhere, and why does it make sense to measure the flows of matter and energy (and perhaps information) but not of money? Because money is denominated in future ability perform work. Most of that work is, by now, not physical labor but machine labor. And the vast majority of that machine labor (silly windmills and solar panels aside) comes from fossil fuels. Now go look at the balance sheets of all the major Western energy companies. Are they still profitable. No. Are they vastly indebted. Yes. Once it becomes impossible to run the machines whose output underpins the net worth of the high-net-worth individuals, they become stranded assets: they still cost money to maintain but they are no longer useful. The obvious next step is to forgo their maintenance. But shortly thereafter it turns out that they are no longer worth much beyond their value as salvage and scrap.

Thus, the final condemnation of capitalism is not that it is unjust or wasteful; it is that it is downright stupid. It is an insipid, misguided struggle over wealth signaling that ends in poverty, or worse, for all those involved. In the meantime, the rich are on an endless quest for more endorphins, to be gained, temporarily, from displaying the latest gadget or fashionable rag, or from occupying a swank bit of real estate, while the poor feel pain from being unable to heat their homes or feed their children properly and suffer endless indignities in trying to scrape by. But in the end they will be the same, for there is a great equalizer at work, called Nonrenewable Natural Resource Depletion (NNRD). And in most parts of the world it is very far along already.

How can you escape from this ridiculous cycle of stupidity that ends in poverty? I have plenty of direct experience with both wealth and poverty, and I believe I have found an answer. You see, being poor feels very different in different places. There is too much to explain in terms of what goes into creating that feeling, and each place is a little bit different. But one bold conjecture I would dare to make is that while all the rich are the same everywhere, all the poor are different. Since a lot of places will cease to be viable once wealth turns to stranded assets, it makes sense to look for ones that won’t be. And my theory, though it is entirely unsupported by any economic analysis, is that the best places will be those where the poor people feel the best and the rich people, relatively speaking, feel the worst.

[Murloc]

First of all Increase in GDP doesn't implies increase in Welfare.
No doubt Capitalism is fuel for the economy and make it productive. But may not give desired results due to following points -
1. Inflation - Even if capitalism raises national income, it always contribute to increasing prices and therefore worse the situation if inflation rate is more than growth rate.
2. Per Capita Income - However, we cannot stick to one measure if we have more contradictory measures like population. When population increase is more than growth than capitalism becomes irrelevant as poors lose.

You and some other people in this thread are making the same simple mistake. In countries that usualy called "capitalistic" not everything is a capitalism. State monopolies on money (they exist in most countries) are printing new money and they have nothing close to free market. Capitalism is more relevant than sotialism in like 99% cases.

[erichall]

Definitely agree.

The probably is that people's hatred of what they perceive as capitalism is actually collusion between large corporations and the state.

Free markets are a good thing. Just look at crypto as a perfect example.

[Real14Hero]

People who agrees with old fashioned ideologies like capitalism or socialism are fools.These concepts are pegs from old civilization.The world has changes a lot since then.
There is an increase in production thus low poverty.You can't credit a concept for something.
We should look for the best solution to counter poverty.

Maybe the answer lies in a red book.It could be anything, but not just capitalism.

[slyfox]

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.

You should promote this video to anti-capitalist "social justice" activists who hate capitalism ,but use computers and smartphones.
I don`t hate capitalism,i hate the bankster cartel of all central bankers,that are trying to ruin the markets and steal peoples savings with the negative interests policy.
The demographic growth of the third world population keeps the poverty levels high.This is the main issue to focus on.

Those that are in favor of socialism have never really lived in a real socialist country with all the death and poverty that implies capitalism is the only system that works is not perfect but it is everything we have and as such it needs to be defended from those that are too ignorant to recognize the truth.

[ivrynx]

It is true, capitalism is not a bad idea, it will help you improve your finances, if you really want to be out of poverty it is for you, but make sure that you know what you are doing. In the past, they are saying that capitalism is bad, that is because there are a lot of huge companies that had started to monopolize their market and tried to take over the small businesses, but in reality, capitalism is a good idea, but there are just people who are greedy ans wanted all for themselves.

[funkenstein]

People who agrees with old fashioned ideologies like capitalism or socialism are fools.These concepts are pegs from old civilization.The world has changes a lot since then.
There is an increase in production thus low poverty.You can't credit a concept for something.
We should look for the best solution to counter poverty.

Maybe the answer lies in a red book.It could be anything, but not just capitalism.

Real14Hero has it   +1 

[Btcjunpitz18]

People who agrees with old fashioned ideologies like capitalism or socialism are fools.These concepts are pegs from old civilization.The world has changes a lot since then.
There is an increase in production thus low poverty.You can't credit a concept for something.
We should look for the best solution to counter poverty.

Maybe the answer lies in a red book.It could be anything, but not just capitalism.

Real14Hero has it   +1 

Yes Capitalism is not just the answer to fight poverty however, there's disadvantage of Capitalism like pollution, unequal distribution of wealth due to greediness and power. We can surpassed poverty if we do things to make out of it not just relying to anyone else.

[kkukkugaga]

I agree on this. People in our country don't have the mindset of wanting to be on top or the i-want-to-be-the-boss mindset. Some of them are contented on being an employee. It's true that it would be more helpful if a person have the knowledge in capitalism so he could create his own business. Capital is very important if you really want to create own business and be rich. If all people are knowledgeable about this, it would be easier for them to be rich, eventhough it's risky, it's worth the effort. It will also help reduce the poverty gradually. Chinese are the good example.

[Neddie1908]

I do love capitalism because everybody who are business minded could generate their own business through saving or investments on bitcoin, and it could also help a countries economy grow, and all the capitalists could have another source of income here in bitcoin to generate more business to help those who are in poverty

[Febo]

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.

Come on, the main force behind world poverty fall is China. And China is socialist country with a planed economy.

[thr3]

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.

Come on, the main force behind world poverty fall is China. And China is socialist country with a planed economy.

Hate to break it to you all but there was never a fall in poverty rates..... All that happened was a population increase hence some data display more people are out of poverty which is not true. In today's world more people are poorer than back when the world was on the gold standard. All that will change since people can now print their own currency...

[djgtr]

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.

Come on, the main force behind world poverty fall is China. And China is socialist country with a planed economy.

Well i believe on that capitalism is really a good way to earn that is why if we really hate poverty we need to have business becaus if we are going to lean on our regular woks we are really end up to an old man waiting for a changes to come in our way and really reamins in a poverty situation.That is why we really need to make sense on it today in preparation of the near future to become more prudent on making decisions.

[Rajatruck]

capitalism is a little bit of the strongest, or the most corrupt, it does not reduce the gap between the poor and the rich, that said I am against socialism

[HarleyQuinn9876]

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.

According to me, everything has two sides. Capitalism has many positive aspects. Capitalism creates jobs for all, develops the country's economy and enhances the people's life. But capitalism has the other side, the bourgeois class oppresses the working class. so there should be an accurate choice

[andrew813]

to be honest capitalism made poverty even worse

[pugman]

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.

I'd disagree entirely on the fact that poverty has reduced 80%. Hell it hasn't even reduced 10%. I have seen people suffer and even though the circulation of money in economies have increased. Not to mention the fact that, if circulation of money increases, the more number of goods and services are produced, the supply tends to be more leading to a chain effect to increase the demand and ultimately we are arrived at a conclusion where the rich get richer, poor get poorer. This has always been the story.
Capitalism is popular only in a few countries.  Laissez Faire proved to be a failure, socialism still exists but the people prefer to go for a mixed economy, but still corruption cannot be evaded and it is not helping the conditions of the poor get any better.

[khaled0111]

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.

I don't think world poverty has fallen by 80%, and capitalism has nothing to do with reducing levels of poverty.
However, I am not against capitalism since it means that anyone can become wealthy if he has the right skills.
Unlike many believing that Bitcoin is based on socialism I believe that it is based on capitalism because it offers a free market where anyone can realize his dreams.

[Norihiro]

Well, that's the truth that capitalism helps people to become wealthy...lot's of people don't like it simply because there don't like\can't work efficiently, so they are not qualified by this type of society well enough. Personally I'm the full supporter of capitalism!

[efey39]

everyone who can make rational decisions can have a good life, can not make rational decisions, and does not want to work, loves a system that claims to be their own fault ...

believing that the child who collects garbage at the age of 5 with ali ağaoğlun's son is at the same distance from the rich

to think that workers and employers have the same competitive power in the market

[Don Pedro Dinero]

In my view, capitalism is the least bad of the systems. Nowadays we consider poor people in developed countries those who eat every day whereas 100 or 200 years ago poor people weren’t eating able to eat every day. So, it is true that capitalism has raised the standard of living but think the title is misleading because there is always poverty in capitalism.

Anyway, everything is changing and I think in the near future we are going to have soft capitalism (capitalism+regulations) and universal basic income, as machines and AI will be able to do most current jobs.

[Washball]

Capitalism is ruining the world, it's the worst system ever. Capitalism is a small number of people with all the wealth and the rest of the world's population living in poverty. In a country like China capitalism has brought wealth to many, but most Chinese live as poor peasants and the while environment is toxicated. Communism was not the best system and capitalism has brought prosperity, but killed the environment. Of course it's not the systems, but people who are responsible.
So, hate poverty that is cause by capitalists.

[creeps]

Well, that's the truth that capitalism helps people to become wealthy...lot's of people don't like it simply because there don't like\can't work efficiently, so they are not qualified by this type of society well enough. Personally I'm the full supporter of capitalism!

At some point capitalism is really effective in some countries, but we can still end poverty without this. People in government should stop from being corrupt, people must change and don’t expect anything from the goverment start working for you not to live in poverty.

[Aryanto28]

I am a little agree with capitalism but whether this capitalism will always remain in its role to fight poverty. because poverty in this country is very high and can not be that easy in solve the problem. i do not really hate poverty karen it all is way from the creator if someone is not can change his own destiny then anyone can not change his destiny from poverty.

[bakkang]

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.

Yes we need capital to provide our daily needs therefore we can avoid poverty. If we hate poverty then we should strive to make money. And I believe that through the help of bitcoin we can lessen poverty.

[dogeeeeeeee2]

I did hate the poverty but i don't think i would love the Capitalism because they're exploiting people for their profits.

[Koadharber]

I am a little agree with capitalism but whether this capitalism will always remain in its role to fight poverty. because poverty in this country is very high and can not be that easy in solve the problem. i do not really hate poverty karen it all is way from the creator if someone is not can change his own destiny then anyone can not change his destiny from poverty.

We cant say its really a destiny on being on the poverty level but we do all know that it is always been part of the reality because we do know status on life would really be classified on classes. I do hate poverty because i dont like to see other people who do suffer too much and even do struggle to live on daily basis since they dont have sufficient capability to do so.

[spyerf]

Capitalism has its own advantage and disadvantage of course, for me poverty really destroy a human nature when it comes to one's environment and any different kind of living and the way people in poverty look the world in their life.

But people in poverty must tend to realize that they must do something to get out there and not blaming who is in control with the system. The only thing we can do to the less fortunate people is to help them to realize this and not to spoon feed them.

That's right, Capitalism can only help reduce, not eliminate it. because poverty is a balance between life and economy. helping to reduce poverty will not work without the will and hard work of the poor themselves. Because without the hard work, will and skill of the person concerned, Capitalism will not change anything.

[Ronaldcoin2017]

Capitalism has its own advantage and disadvantage of course, for me poverty really destroy a human nature when it comes to one's environment and any different kind of living and the way people in poverty look the world in their life.

But people in poverty must tend to realize that they must do something to get out there and not blaming who is in control with the system. The only thing we can do to the less fortunate people is to help them to realize this and not to spoon feed them.

That's right, Capitalism can only help reduce, not eliminate it. because poverty is a balance between life and economy. helping to reduce poverty will not work without the will and hard work of the poor themselves. Because without the hard work, will and skill of the person concerned, Capitalism will not change anything.

Yes i also agree capitalism is also like gambling it really depends on your luck it has really the advantages and  dis advantages we really need to have an experiencw on marketing if we really want to ingage capitalism becaus eit need a lot of time in order to become flient in gaining profit.However the decision is really depend on the person behind the poverty line i think there are so many ways or maybe option to be grab uopon every situation that we has in every single hour of the day so keep goin.

[DAOfan]

Capitalism is great because it creates a fair opportunity for everyone. However, it has flaws because not everyone is capable of taking advantage of these opportunities and they largely get left behind. Children also suffer under capitalism if their parents are poor. That is why we have "Socialist" ideas - like free quality education for everyone. American's especially hate talking about public schools, libraries, etc because of their hatred of anything that smells like socialism.

[shillberting]

You should love education even more because that is the way to end and get out of poverty for most. It is these basic logic skills that allow you to think about money, the future, and everything else important in your life that let you get ahead. My parents didn't have much coming to this country but they had some education and that combined with opportunity will give you best chance out of poverty imho.

[CryptoKyddie]

Poverty is bad and serious poverty is terrible. There are many ways in which to reduce poverty, eliminating poverty is near impossible. Capitalism, socialism and any other political beliefs are capable of reducing poverty when implemented correctly. Will be nice to read the views and replies of others to this thread.

[olubams]

Poverty is bad and serious poverty is terrible. There are many ways in which to reduce poverty, eliminating poverty is near impossible. Capitalism, socialism and any other political beliefs are capable of reducing poverty when implemented correctly. Will be nice to read the views and replies of others to this thread.

Any economic or political system cannot singlehandedly end poverty its the combination of several factors and most importantly the individual in the poor scenario. While socialism to a large extent could encourage laziness among the citizenry, capitalism on the  other hand can ensure that the common wealth is unevenly distributed which is even worse on its own but would go a long way in encouraging human intelligence and that its a key way out of poverty.

[sofi@]

Poverty is the world's biggest issue, every country has their own story regarding it and I'm government will the idea the crypto currencies can helps fight poverty. Capitalism on the other hand is good but we must look into the fact that not everyone can do this. There are only few people who can handle things like this and what we can only do is educate people so they can also have the opportunity to earn bitcoin and help their lives to improve

[Maestro75]

Capitalism is profit focused. It has no emotional and human angle to its mode of business like communism and socialism that focus more in the society. I really don't have anything against capitalism having being a business owner myself. But I don't think capitalism makes poverty disappear. What it does is put more money in the hands if the few rich ones. Look at Africa for instance, are we not a capitalist continent? But are we rich? Hell, no!

[thrylos]

It is not capitalism is the solution but the thoughts of people. Poverty comes in many ways by the product of wrong motives so not the capitalism is the real answer but the mind setting that most of the time end up for being selfish.

[A Feeder]

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.

This video should be made viral. People only complains about poverty but does not speculates methods that can be used as a solution. They only pinpoint corruption but that is partly true among several countries. Leaders must also act to imply this type of system.

[Nellayar]

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.

Capitalism is not actually the best economic system nor communism. If we want to achieve success and move out from poverty, the best solution is to change the mentality of the people. The greediness and selfishness of our society is the most problem in our economy. Government must be changed in order for the citizen to rule in a right way, to give citizen a right and priveledge. A privilege to study, to live and to be a better individual. Lack of learning leads to ignorance and ignorance leads to poverty. Changing is easily in words but it is difficult to act. I don't know how we achieve it because we have our own perception and foresight.

[Febo]

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.

Come on, the main force behind world poverty fall is China. And China is socialist country with a planed economy.

Hate to break it to you all but there was never a fall in poverty rates..... All that happened was a population increase hence some data display more people are out of poverty which is not true. In today's world more people are poorer than back when the world was on the gold standard. All that will change since people can now print their own currency...

I am pretty sure that % of poor in China decreased. Maybe total numbers increased because of bigger population.

[gredisgold88]

I d'not like capitalism as a whole, he entered the space government. using fascist power etc., we must distinguish cryptocurrency and capitalism, not the origin word cryptocurrency actually for the benefit capitalism, and can be used to launder the money employes goverments corrupt. the facts are foundhing fathers cryptocurrency is a nakamoto satoshi have a good anounymous, and has identification similar to white hats. d'not interfere digressively , seriusly i hate capitalism .

[slyfox]

I d'not like capitalism as a whole, he entered the space government. using fascist power etc., we must distinguish cryptocurrency and capitalism, not the origin word cryptocurrency actually for the benefit capitalism, and can be used to launder the money employes corrupt goverments. the facts are foundhing fathers cryptocurrency ia a nakamoto satoshi have a good anounymous, and has identification similar to white hats. d'not interfere digressively , seriusly i hate capitalism .

How quickly would you change your mind if you lived in a country that is not capitalist, capitalism is the only system that works some say that is an ideology but those that said that are mistaken, capitalism is just the way things work, I will not work as hard if I could not keep most of what I produce that is why communism always fails.

[gredisgold88]

I d'not like capitalism as a whole, he entered the space government. using fascist power etc., we must distinguish cryptocurrency and capitalism, not the origin word cryptocurrency actually for the benefit capitalism, and can be used to launder the money employes corrupt goverments. the facts are foundhing fathers cryptocurrency ia a nakamoto satoshi have a good anounymous, and has identification similar to white hats. d'not interfere digressively , seriusly i hate capitalism .

How quickly would you change your mind if you lived in a country that is not capitalist, capitalism is the only system that works some say that is an ideology but those that said that are mistaken, capitalism is just the way things work, I will not work as hard if I could not keep most of what I produce that is why communism always fails.

a mistaken assumption, capitalism is a exploitation, they are concerned with capital and profit, make lost strata and class, impoverish one class, the total exploitation for capital and profits . capitalism synonymous with the industrial manufacturing, and now enter new era of neo capitalism. whereas cryptocurrency is an alternatif currency for calculation of accumalated primitif , I do not think of communism etc, but only categorize the era and notion of capitalism.

[alfs75]

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.

Will,capitalism is good but for me it is anti poverty because  mostly benefited of this kind of government are those oligarch people who willing to extending  there wealth to the fullest,and those simple entrepreneurs will  be affected there livelihood like us.being a capitalism country its just not define of solving the poverty in your country,because those poor and less fortunate people will retain on its position,to become more poorer while those wealthiest people much more they become rich especially those who have a position in the government they must protect there wealth or asset,if our governance become capitalism.cryptocurrency just not  define in capitalism but its define of being democratic or your free will.

[slyfox]

I d'not like capitalism as a whole, he entered the space government. using fascist power etc., we must distinguish cryptocurrency and capitalism, not the origin word cryptocurrency actually for the benefit capitalism, and can be used to launder the money employes corrupt goverments. the facts are foundhing fathers cryptocurrency ia a nakamoto satoshi have a good anounymous, and has identification similar to white hats. d'not interfere digressively , seriusly i hate capitalism .

How quickly would you change your mind if you lived in a country that is not capitalist, capitalism is the only system that works some say that is an ideology but those that said that are mistaken, capitalism is just the way things work, I will not work as hard if I could not keep most of what I produce that is why communism always fails.

a mistaken assumption, capitalism is a exploitation, they are concerned with capital and profit, make lost strata and class, impoverish one class, the total exploitation for capital and profits . capitalism synonymous with the industrial manufacturing, and now enter new era of neo capitalism. whereas cryptocurrency is an alternatif currency for calculation of accumalated primitif , I do not think of communism etc, but only categorize the era and notion of capitalism.

Bitcoin is capitalist to the core, you take the principle of private property and take it to the extreme, no one can take your bitcoins, the governments cannot tax it effectively, no one can take your property without your consent, that is what makes bitcoin a sought asset.

[Tenderino]

Your claim is false, because in the capitalism the richest are getting richer and the poorest are getting poorer. One per cent of the people hold fifty per cent of the world assests. The fiat money feeds this system and we need a monetary system where the workers can keep the value of their power.

[slashz9]

I do not think that makes sense, poverty happens because of a lack of understanding of a person or group about how to manage finances, people who scored high in education is not necessarily smart in managing finance. I think all we have to do is help it out of the kemiskanan instead of giving it money because money is only a short-term solution.

[ratnaantiqu3]

I think this capitalism helps many small people who are deprived.
provide more income opportunities so they can support their families.
Although some agree and no, I personally like capitalism.

[Lanatsa]

I do not think that makes sense, poverty happens because of a lack of understanding of a person or group about how to manage finances, people who scored high in education is not necessarily smart in managing finance. I think all we have to do is help it out of the kemiskanan instead of giving it money because money is only a short-term solution.

But if you do live on a certain country which do have other kind of government or kind of ruling then it would really be more harder for those people to suit out their selves on making a living unlike on have a capitalism type of government i do really agree on this kind where a certain circulation of funds not only focusing on its capital or central city but the income itself would really be mostly focused on its city itself.If this is the case more jobs since there are more infrastructures or projects due to have the capability of the funds being used by it.

[September11Myth]

Capitalism is agonizing and will be dead soon. In the Western world the American Dream is dead, with very few exceptions nobody can become rich and make an commercial empire any more, because all the slots are taken. We are now going towards an oligarchy of corporations who actually will decide all the laws - this has nothing to do with capitalism any more.

[sordinihandbag]

Yea I do so exactly as you said No exception in any case

[thrushzodiac8]

We shouldn't just blame the capitalism. There are many who has physical strength to earn their living but they don't even try to do so

[algerianimminent5]

That would be a fantasy if bitcoins can get stopped totally by the Govt because afterall it has to enforce them under global pressure

[eurobend6]

I cant say because I really don't get where is the relation between poverty and capitalism? -_-

[CHENIEN]

Capitalism are produce by a big group of powerful personalities that having a power to invest any forms of businesses, and mostly capitalism are form and executed by a private investors, and those people having a large contribution of taxes that supports and contributes economic development in our country. For me I don't really hate poverty status of living but I like capitalism, because capitalism also helps poverty line of life living change, because capitalism helps also community development. And sometimes poverty will disappear because of the capitalists people that invest businesses on extreme poverty community, that those poor people could benifited also on the job offers with high payments of salary.

[kuckong]

I think that everything must have advantages and disadvantages including the economic system. Capitalist economic system was embraced from the 16th century to the present time. This system gives everyone full freedom to carry out economic activities and gain big profits. But this system also has a shortage namely unfair business competition that can also cause poverty.

[Notcalculator]

The video does have a point. The truth is, capitalism is the only system that works. It does create a huge division between the poor and the rich but atleast it tries to create opportunities for the poor to pull themselves up. Unlike other systems like communism and socialsm, where the only thing you can do to pull yourself up is through having political power. What i dont like about the video is "More capitalism =  more growth". Whose growth exactly is he pertaining to? It cant be of the poor because more capitalism would just put more money to the rich. it's why people cant afford a living simply by working 8 hours a day. Extreme capitalism is bad as it wipes out the middle class.

[Derbi Fransisco]

Poverty is not the will but the lineage. Poverty will not be forever with the basic requirements of hard work, thrifty, meticulous and likes to save / invest. The capitalist is not the ultimate goal but a necessity of life in the world. Do not make your life just a treasure hunt.

[jayhawk1]

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.

But do you think that anyone in their right sense of mind would love to be in poverty? Poverty is like a curse and nobody likes it, although I think there are some fools that loves to find themselves in a very bad situation. Since I’m not that type of a person, I would say I’m into capitalism. LOL.

[diva.man]

In my opinion, capitalism is a very democratic social system!

You can see that people can freely express their dissatisfaction with the government!

In such a democratic society, we can better develop our own economy!

[unicyclistclapas0]

Am I the only one who doesn't even know about capitalism?

[AsianNapoleon]

the future of the world is united under 1 Goverment

[beej]

In every aspect of democracy or capitalism, poverty is always coexistent. It's existence will never
be circumscribe. History shows and teaches us that in centuries of civilization, poverty resides besides
it. Poverty isn't a mere situation or position incurable or completely irreversible, it's more like a choice.
If you chose to remain as such and do nothing you will live as is. But with the right strategy, persistence
and decisions, one should be able to alleviate and free oneself from such a situation. Maybe capitalism
can help, as the video suggest. But I believe it takes more than just that to solve poverty, it's just how
the world works I guess.

[Bunk67]

Capitalist has help alot in the developing of a nation it has increased standard of living of the people it help local investor

[St4yInTh3D4rk]

Do you know? 90% of total world's asset and money is holding by 1% of population,so which means still the world people in the poverty,it will be gone that assets are shared to all the people of the world but it is not possible though we and you are also in the poverty line when we compare that 1% of people.

[potterbean5]

Yea I do so exactly as you said No exception in any case

[Aikidoka]

If capitalism reduced poverty, then it had created another bad things. The wealthy people are in charge of everything. As a matter fact, the working class are striving to get in better position. However, the wealthy would only allow their relatives or someone who is beneficial for them. It is all calculated. I am not against capitalism, for even communism has many disadvantages. We should just adapt with every change, otherwise we will be doomed.

[JoshuaBlack1]

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.

I think capitalism, true capitalism is the reason for the increase in living standards over the last 200 years but I would say that its important to make sure true capitalism is still being promoted today. I do think its the best system we have at the moment but I also think it can be improved. Its important to note that capitalism is an economic system where private owners control a countries trade and industry.

But what happens when these private owners get too much power? I think the advent of the internet throws in some curveballs because globalisation is now becoming very real. At what point does it become too centralised? I do think we are starting a shift into something other than capitalism. The name of it im not sure and what are the guarantees this trend of peoples living standards raising will continue, again im not sure this is guaranteed either.

[ymirymir]

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.

I agree. If we really want to get rid poverty or being poor, then you must be brave enough to take the risks. You should be willing to release something that you have to gain something as well. We should be smart enough to do someting if we would want to gain good profit as well.

[Maestro75]

I agree. If we really want to get rid poverty or being poor, then you must be brave enough to take the risks.

I do not see how capitalism makes poverty go away. I believe it is capitalism that has brought this so much poverty to the world with the few privileged ones becoming rich and rich and super rich and then inflicting pains on the less privileged masses by amassing wealth. I think it is even communism that ends poverty, not capitalism.

[KeijiN]

I dont like poverty, but I`m thankful, that I`ve been born in not the poorest country in a third world, so I have an opportunity to be here at least.

[BitcoinTurk]

Whatever it is, capitalism is the best system available now. Other systems are somehow connected with capitalism in some way, or they have features of capitalism. Even if it seems logical, a system like socialism will unfortunately not provide equality within the country. An individual who earns money for a labor and an individual who earns income without doing any work should not be held. I do not say anything for the poor nationals who are born as unfortunate, but poor people who are born in a really good country and whose health is in good condition are unfortunately poor due to their own stupidity. The working iron always shines.

[aso118]

If capitalism reduced poverty, then it had created another bad things. The wealthy people are in charge of everything. As a matter fact, the working class are striving to get in better position. However, the wealthy would only allow their relatives or someone who is beneficial for them. It is all calculated. I am not against capitalism, for even communism has many disadvantages. We should just adapt with every change, otherwise we will be doomed.

You cannot blame the faults of particular implementations of capitalism on the system itself. These corrupt implementations of capitalism are called crony capitalism. It is the one system which hasn't proved to be a total failure. That is one reason to stick to it.

[The_Dark_Knight]

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.

While capitalism has its bad side at the same time it is undeniable that is the only system that has been proven to work, people simply do not understand that we need an incentive to work hard, the reason poverty has fallen so much has to do with the new inventions created by people that wanted to get a benefit for themselves and by doing so not only they benefited themselves but they benefited others.

[BertoloyBTC]

In this world no one would ever love poverty , a lot of people are suffering poverty all over the world, so ifcthere is capitalism then we should love it becausr this might help us  or solve lightly the poverty problem experienced worldwide, if there is cspital then there will business ,so people can work in this business and have earnings or income out of this business if you work for it, it would lower the poverty rate , because of this capitalism.

[ReindeerOnMe]

I dont like poverty, but I`m thankful, that I`ve been born in not the poorest country in a third world, so I have an opportunity to be here at least.

If I will be having an option between a first world country and a third world country, I will be picking a third world country since you can start a great life there. It is great since there will be no problem in terms of living a great life with the cheap things you can have in there but in terms of services, I think you don't need to expect that much.

[Ryanpogi]

If you are A poor, not everyone wants capitalism because poverty starts with government leadership. so do not be angry with your heart ..

[1C6fV5DtakfKANLJ8GUV7hCaA]

I agree. We all need the feeling of merit and being rewarded for hard work. That is basically capitalism. The money produced by this is just a side effect. I can really say that the poor stay poor because they are lazy and lack the urge to learn something new.

[Tigorss]

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.

it's just a form of motivation to make you more eager to work and earn money in poor conditions, it's good to see some news about it.

[HaXX0R1337]

I do not see how capitalism makes poverty go away. I believe it is capitalism that has brought this so much poverty to the world with the few privileged ones becoming rich and rich and super rich and then inflicting pains on the less privileged masses by amassing wealth. I think it is even communism that ends poverty, not capitalism.

For a competitive society we need capitalism, if not the government controlled companies wont be doing the best service and if you allow private investments then there will be a healthy competition and that will help the end users and that is what we want.

[vaughn125]

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.

I absolutely do agree with this greatly. People who say they hate poverty but oppose with the idea of capitalism is really not making any sense to me. I think that capitalism can really help stop poverty which is why everyone should push on to it rather than just be selfish and believe what they think is right for them.

[alfs75]

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.

Actually im not hate  poverty,because im one of it,and poverty is not a sin because its created  from the society that lack of peace and harmony,its is a creation of the kind of government that full of shelfishness they only  protect there self interest and personel needs in order  to become greedy of there own necessity,thats why for me being a capitalize country is the key or solution towards to become and industrialize nation,and the mainstream of all kind of investement especially cryptocurrency towards a better world.

[Cynooza]

If capitalism reduced poverty, then it had created another bad things. The wealthy people are in charge of everything. As a matter fact, the working class are striving to get in better position. However, the wealthy would only allow their relatives or someone who is beneficial for them. It is all calculated. I am not against capitalism, for even communism has many disadvantages. We should just adapt with every change, otherwise we will be doomed.

You are confusing crony capitalism with free-market capitalism. The governments is the root of all these problems. All this nepotism and lobbyism is only possible because governments have levers to regulate the economy. If we get rid of these levers big sharks won't have that weapon.

[Prettyme]

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.

over the past decades we experienced poverty around the world and that is because the lack of capitalism. thats why capitalism is our driving force to continue earning so that we can go out with that poverty.

[spongegar]

Well, it is actually true. Capitalism is a sort of like a merit system. Whereby you keep what you earn. If you're lazy snd doesn't want to work then you will not be rewarded. But in capitalism, if you work hard and earn alot then you can keep that and earn alot more. It's just that capitalism now is villified because of corporate greed.

[Fluffinfinity]

Yes we do really have to embrace capitalism alsp for the benefit of all. If we do not embrace it then, we are no longer gain a big possibility in empowering our country's economy.

[pallang]

If capitalism is the key in solving poverty in a country why not embrace it but i think it's not like that people who are poor should find some ways to earn for their living don't just wait for the help from the government they must strive to become successful in life.

[Lomberjack]

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.

I think this is such a better idea were in source of income will be depends on our hands the community rather than to the governments, I am not saying that we will rule the world but most of the profit must occur on our hands in which we gather the fair amount of money that must be ours. Nowadays Government is the one who controls everything and we cannot deny the fact that corruption is present in which the desirable things that must be developed doesnt exist because the money was not fairly given, I guess Bitcoin is the start for that.

[Bitcoin-Turkiye]

 there are people who try to live for two dollars a day and lack shelter and health services.. If there was no capitalism. would it be different? Really?
we want different system?,
in that case
equality, justice and honesty are needed.

[Hemady17]

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.

I agree to this video simply because capitalism gives everybody’s a chance to succeed. Compare to the economic policy of socialism and communism I would say capitalism stand-out in fighting the poverty. Critics of capitalism are those people whose primary concern is receiving the food free while doing nothing. They are simply called leech of the society.

[The_Dark_Knight]

Well, it is actually true. Capitalism is a sort of like a merit system. Whereby you keep what you earn. If you're lazy snd doesn't want to work then you will not be rewarded. But in capitalism, if you work hard and earn alot then you can keep that and earn alot more. It's just that capitalism now is villified because of corporate greed.

As I said capitalism has its bad side and what you are describing is one of those bad things that comes from capitalism, however compared to the great benefits that we get out of it, I prefer 100 times to live in a capitalist country than to live in a communist one, because at least in a capitalist country you have the chance to progress while in a communist one that is impossible

[Sadlife]

There's no problem with capitalism cause people are starting to build their own business that will surely benefit a country's economy. What i hate is bankers, banking cartels that exploits it's citizens with bizarre interest rate, hidden fees and government taxes that is so high, you can't even buy good food for your family.

[Mancung]

Agree with that, we all know that a well educated society could decrease the number of poverty in a country and we might think that capitalism just do as well

[Falmera]

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.

I am for capitalism. For me this is good since each of the city will have their own budgeting and allocation for their own. The more their place needs, the more they will strive to keep up for those needs. The more the people strive to work since they know they can benefit to their effort.

[chrisculanag]

Yes capitalism is good enough to decreasing the poverty but there are some bad and good effect of this , The Bad effect is for the poor person that did not know to understand how to manage a capital . The good effect is in the wealthy or rich person because all the capital that we have is under control of the rich. The one thing that we need is to understand what is important of money to us , save money after this make some research in your place and find what is the best business that you think need in your place . Then start manage all of you capital to be a successful capitalist.

[serverus]

other says being positive is easy to achieve, but in reality there are people that did everything just to achieve the what so called happiness in life. There are things which we can do to have a positive mind. First, be with someone who can make you laugh at all times, just remember the saying laughter is the best medicine, just laugh as you can to relieve stress. Second, you can start reading books that will uplift your mood such as joke books, inspirational books and etc., Third, you can do some adventures, that will let you appreciate nature, a peaceful mind in a peaceful scenery will make your mood positive. Fourth, don't be surrounded with people that will always make your mood negative. If you have problems in life, it is not good to solve it with your own, seek for help. It is really an important matter to make yourself positive and do not lead it to depression.

[Mastsetad]

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.

I wonder what kind of a person would love to be in poverty, but not me, I can’t choose poverty over being rich, nah! It’s only stupid people will do that. Everyday of my life I’m always working hard towards living a better life in future, I even stay up most nights so I can be able to achieve my dreams. It’s not easy but I will continue to fight till I get what I need. As for poverty, that will never be my portion. I prefer Capitalism over that.

[Nboramir]

Capitalism maybe reduces the amounts of poverty but it also decreases the amount of self dependent people with constant income. Today maybe we dont have poverty but we have debts to pay to banks, we work a whole lifetime to buy a house and at least 5-10 years to buy a nice car. Capitalism just makes us blind with the look on our outside with all these clothes on us and food we have and makes us forget the credit card debts we have ro pay.

[tinyblue]

The capitalism we have is not true, true capitalism, where the strongest survive. Else the poor, the less educated, people with mental deficiencies here in the United States would be living a living hell.

[NevejElad]

That is the right choice that you love capitalism, so you hate poverty, I think no one ever love this kind of situations of being poor or poverty, we love capitalism for the purpose that some of the  poor and jobless people can work for the owner of this company and business , because if you pour your capital in that certain place you will the required workers for your industry, so it will help eliminate poverty, through this capitalism.

[ChaChaiTL]

In any era or regime, there are two parallel sides and two opposing sides such as the rich and the poor as well as the good and the bad not just capitalism but socialism. in the rich of the poor so you can love all over

[Uno17]

Everyone hates poverty including myself, but i am not in favor of capitalism though i hate to see poverty around nor i don’t like communism government also because i don’t see it fair to the community. There is no such thing as good as democratic one,freedom is important!  just strive hard for a good living so that you won’t starve in life.

[Pinoyfan]

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.

Im in poverty I am so upset to that. Cause I dont have enough money to support my needs but I am here. I support cryptocurrency not capitalism cause here in our country we are democratic presidential nominee. We are unite to become one and I support that.  We support cryptocurrencies cause it is the only way for us to survive everyday

[D3F4L7 RAT]

over the past decades we experienced poverty around the world and that is because the lack of capitalism. thats why capitalism is our driving force to continue earning so that we can go out with that poverty.

This is most likely happens in the 3rd World countries because they do not believe that capitalism will find a solution to combat this never-ending poverty. Money does not work for them rather they work to earn money. They think that money is the only one solution to escape this global problem. They did not realize that their idea and creativeness is the most needed skills to surpass poverty. After they get the paycheck, they all buy the things they wanted to reward themselves for a short period of time.

[mOgliE]

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.

[wewe123]

There is much reason we should love capitalism, and hate poverty, I think no one above this world would surely love poverty , because poverty is a much carry load by every individual who have the status of being poverty, If there is capitalism then there will be business and it require surely workers , so people have a chance to work and earn salary , so it can minimize the jobless people who really suffering poverty and capitalism can help a lot to minimize this poverty suffered by some people around the world.

[Coffee135]

There is much reason we should love capitalism, and hate poverty, I think no one above this world would surely love poverty , because poverty is a much carry load by every individual who have the status of being poverty, If there is capitalism then there will be business and it require surely workers , so people have a chance to work and earn salary , so it can minimize the jobless people who really suffering poverty and capitalism can help a lot to minimize this poverty suffered by some people around the world.

The problem is that poverty is necessary for the development of capitalism. It is part of this project. Capitalism must constantly increase production and stimulate consumption. Previously, they used poor people who were willing to work hard to exist and poverty was an artificial phenomenon. Now there are robots that will do the work for the people and the poor will become more due to the loss of jobs.

[pellor mas]

Capitalism allows people with money to make more money easily, while communism allows people with the power to make more money. The social structure in capitalism, communism / socialism and dictatorship is different, but all classes still exist!

[kabelpeggek]

You should love education even more because that is the way to end and get out of poverty for most. It is these basic logic skills that allow you to think about money, the future, and everything else important in your life that let you get ahead. My parents didn't have much coming to this country but they had some education and that combined with opportunity will give you best chance out of poverty imho.

[altcoin4u]

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.

The worlds economic system needs to improve somehow, and it happens that it goes for the capitalism, it is okay for me, but I would love, if we were more kind one to another.

[tepakpak]

Not necessarily capitalist, instead of capitalism will only prosper individuals or groups alone?

[Beli99]

Capitalism is defintly better than poverty but its not to compare it, you can compare capitalism and socialisam and neither of them is been introduce in original definition because those that are introduceing it to the people is the same dictators that want more and more power over people so its kind of irony

[Jedzkie050617]

Not necessarily capitalist, instead of capitalism will only prosper individuals or groups alone?

Capitalist will help each individual to habe obs for them to support their family so with this  process the capitalist help people and countty to ease and lessen the poverty.

[supercanada1]

Capitalism allows people with money to make more money easily, while communism allows people with the power to make more money. The social structure in capitalism, communism / socialism and dictatorship is different, but all classes still exist!

Whatever sort of structure it is, you would be succeeded only when you try hard to live your life. In reality, it is bitter truth that in both communism and capitalism you are going to get nothing. In end, there would be some other group of politicians who are using you and they are pinching off every single moment of hard work from you and utilize it for their own profits. This is what happening.

[Eigig]

Capitalism allows people with money to make more money easily, while communism allows people with the power to make more money. The social structure in capitalism, communism / socialism and dictatorship is different, but all classes still exist!

Whatever sort of structure it is, you would be succeeded only when you try hard to live your life. In reality, it is bitter truth that in both communism and capitalism you are going to get nothing. In end, there would be some other group of politicians who are using you and they are pinching off every single moment of hard work from you and utilize it for their own profits. This is what happening.

If there is a little improvement in life at least not that we are very poor enough, throughout our whole life from generation to generation , if this capitalism can provide us something little life improvement then we go for there , than being in poverty our whole life.

[Crypto24hrs]

If you say capitalism is the parnacia to eradicating poverty you might totally be wrong, reason been that what may work in country A may not work in country B so you may just been speaking base on a limited knowledge which may not apply in other part of the world or county due to their cultural or ethnic background or other factors

[Hamphser]

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.

[Maestro75]

You should love education even more because that is the way to end and get out of poverty for most. It is these basic logic skills that allow you to think about money, the future, and everything else important in your life that let you get ahead. My parents didn't have much coming to this country but they had some education and that combined with opportunity will give you best chance out of poverty imho.

Your humble opinion is perfect. Education though not necessarily will make you rich, it will give you a shot against poverty. Whether capitalism or communism, education is still key. By the way, no system or arrangements like someone commented in this forum, will ever end poverty. Poverty has been here the longest anyone can remember and will be here till the end of time.

[jcarlo]

In others side, capitalism is good as long peoples who work hard have a good result. The worst about capitalism is about greed and we can see it on stocks market or others financial market.

[LuongTran]

I love it 

[cherryfer]

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.

Capitalism is also helpful for the government to generate income from private sector all of those income is very important to create a good infrastructure make a Livelyhood program by the help of LGU's including mayor providing all the needs of the poor. that's exactly capitalism is important to the country upgraded infrastructure  created more jobs for the poor to less poverty.   

[squog]

Capitalism is more like an economic model where by you gain depending on how hard and smart you work. If you're a lazy ass then you won't get paid. If you work then you get paid. The thing about this model is that it makes the rich and elite more likely to succeed since they have the resources and man power to get ahead of everyone else.

[boddy.dy]

I agree with this that if you hate poverty we should love capitalism because for me capitalism brings a lot of good opportunity for the citizens. Well some people says that capitalism is not good because we are allowing here the private owners to control the trade and industry instead that the state or government. But for me and what is happening in our country that once the government is the one who has the upper hand the risk of corruption is too high which also causes low profit to workers and then poverty in the end. But once the company is own by private sectors they are giving all the needs and giving the right wages and benefits to its employees for them to support them well and not to left the company.

[Bellator]

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.

Capitalism makes us recover from poverty,we are surrounded by opportunities where we can have sources in earning money and its all our hands if we will grab it or not.If we want change in our life we can able to change it if we take the risk.If we work then we get paid,it all about giving our service to take us away from poverty.

[zhanyiguai261315]

Living in a civilized, democratic country is happy!
Any kind of social payment has both advantages and disadvantages. Regardless of capitalism or socialism, it is the most important thing that allows people to lead a good life!

[Bitcotalk]

Nobody loves to find themselves in poverty, unless that person out of their mind or something. There is no way someone in his or her right senses will tell you they live to be poor lol.

I hate poverty, that’s why I fight against it and also help people that I’m able to help. Poverty is not a good thing, in a place where you have nothing to eat or drink and you can’t afford to buy the things you need or send your children to school and you can’t even afford to provide for them… Man that’s an abomination lol!

[cahbagus555]

I think capitalism is good. Its good because peoples who working hard deserve good result and lazy peoples should not have same result with hard working people. Capitalism teach us that we should dicipline with our strategy and always working hard because it will give us good result

[csefarhad]

capitalisation is the poverty breaker in the present world.it refers to currency will remain in the hand of citizen.thus poverty  can be removed by establishing capitalisation. currency and capitalism has a great relation.

[Rhaizan]

Nobody loves to find themselves in poverty, unless that person out of their mind or something. There is no way someone in his or her right senses will tell you they live to be poor lol.

I hate poverty, that’s why I fight against it and also help people that I’m able to help. Poverty is not a good thing, in a place where you have nothing to eat or drink and you can’t afford to buy the things you need or send your children to school and you can’t even afford to provide for them… Man that’s an abomination lol!

Well we can avoid being poor, that is why we need to be determined for what we are doing, being poor is always depends on us, our future is depends on how we work for our future.

[BitProCoin]

I dont like poverty, but I`m thankful, that I`ve been born in not the poorest country in a third world, so I have an opportunity to be here at least.

[Escf4]

If that would be the solution to love capitalism and hate poverty ,it might be good because capitalism can provide us more works and jobs from this capitalist, who put up investment or business in that certain place and can provide earnings for those people who are interested to work on this capitalist that runs the business.

[darsiderin]

I think capitalism is good. Its good because peoples who working hard deserve good result and lazy peoples should not have same result with hard working people. Capitalism teach us that we should dicipline with our strategy and always working hard because it will give us good result

I think that it is not very important what kind of system in the state is capitalism or socialism. The most important thing is the absence of corruption, an absolutely honest court and fair laws. In poor countries this is not.

[South Park]

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.

You should promote this video to anti-capitalist "social justice" activists who hate capitalism ,but use computers and smartphones.
I don`t hate capitalism,i hate the bankster cartel of all central bankers,that are trying to ruin the markets and steal peoples savings with the negative interests policy.
The demographic growth of the third world population keeps the poverty levels high.This is the main issue to focus on.

They are the biggest problem, capitalism is just the way things work, we could even stop calling it capitalism and just call it the natural state of things, but those that are at the top, the bankers. do not really produce anything of value, they can print money while everyone else needs to exchange products and services, so they are stealing your effort with the stroke of a pen and that is completely unfair and should be punished.

[richardsNY]

Nobody loves to find themselves in poverty, unless that person out of their mind or something. There is no way someone in his or her right senses will tell you they live to be poor lol.

If there was no way people want to live in poverty, people wouldn't recklessly gamble their entire life savings or take out mortgages they can't ever afford to pay back. I'm not saying these people choose to live in poverty, but in this case you know beforehand that your actions can lead to a situation where poverty is a realistic scenario. These are one of the more common ways to end up in poverty. Overall, poverty is a relative term where each country has different standards of living in poverty. Living in poverty in Germany can be living a decent life in a country such as Bangladesh....

[newbie-hero]

There is much reason we should love capitalism, and hate poverty, I think no one above this world would surely love poverty , because poverty is a much carry load by every individual who have the status of being poverty, If there is capitalism then there will be business and it require surely workers , so people have a chance to work and earn salary , so it can minimize the jobless people who really suffering poverty and capitalism can help a lot to minimize this poverty suffered by some people around the world.

Maybe, this statement is correct. I suppose that all people hate to be poor. The system of the capitalism simply gives people many more chances to earn.

[ngano ba]

The big capitalist that pour their money into business, can be of great help to the people in that place , many can have a job, so it csn solve the poverty in a certain place, so we love this capitalist inorder to conquere poverty.

[jonatuzc]

There is much reason we should love capitalism, and hate poverty, I think no one above this world would surely love poverty , because poverty is a much carry load by every individual who have the status of being poverty, If there is capitalism then there will be business and it require surely workers , so people have a chance to work and earn salary , so it can minimize the jobless people who really suffering poverty and capitalism can help a lot to minimize this poverty suffered by some people around the world.

Maybe, this statement is correct. I suppose that all people hate to be poor. The system of the capitalism simply gives people many more chances to earn.

Do you really want to be poor? I am sure no. not you and not anyone else like you have talked about. The thing is, people need to upgrade them once they get enough education that gives them sense to make things better. But still, there is a big population part that isn’t even ready to make their lives better. They are still underdeveloped and want to be like this always.