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.