Capitaism is not the problem.

[r_victory]

Capitalism has never been the problem; the problem is playing the victim and thinking the world owes you something. There is inequality, yes, but capitalism allows people, in a way, to take control of their own destiny, unlike communism, where the state controls everything. Of course, some people have more "advantages," but that doesn't mean those who don't can't succeed and prosper.

[Bryan jessy]

Socialism or capitalism this is not supposed to hinder any individuals goals and financial growth in the society, regardless of how corrupt the government is, it will be so unreasonable if anyone takes it upon themselves and decide to flow with the situation instead of working hard as to build their finances independently rather than just relying on the government, because it will be a total waste of time. In this era nobody really cares about others because everyone is focused on their own goals. Also this corruption is to just on the government alone but the individuals sees it as an opportunity. Imagine if an item's price is increased by one naira by the government individuals will increase theirs by either times three or even four times higher, is that not absurd. Nothing is responsible for anything happening now when as individuals we can't even help ourselves because of greed and they still blame the government.

[fruktik]

Not everyone likes capitalism. Quite a few people adhere to different approaches to government. This could include socialism, communism, or democracy. It's impossible to please everyone. It's a true utopia that will never be realized and will remain only an illusory notion of peace and the common good.

Humanity itself has repeatedly proven that this is impossible. If everyone is forced into a single system, people will begin to fiercely resist what is being forced upon them. Quite often, this process is accompanied by force, coercion, and repression. Experience shows that one or another segment of society will naturally come to a better solution. Violence certainly won't achieve anything effective or positive.

[iv4n]

The problem is not billionaires owning most of the world's money; the problem is the government not trying to make people's lives better.

I thought that politicians work for billionaires... Robin Williams:

Politicians should wear uniforms like NASCAR drivers so we know who sponsors them.

If the whole world had other economic systems, would it be better than it is today?

Well, the thing is that most systems look good on paper (like many other things), until people start playing the game... and then things get messy & tricky. Machiavelli:

There is nothing more difficult… than to introduce a new order of things…
because the innovator has enemies in all those who profit from the old order.

[letteredhub]

The problem is not billionaires owning most of the world's money; the problem is the government not trying to make people's lives better. They can't control inflation, and they can't find ways to make sure jobs are created. If the Government of all the countries in the world actually focused on making the lives of their citiens better, the world would be a better place even with capitalism as the economic system.

Who are the governments, and who are the billionaires? These class of men walks on same lane and align in similar interests. The billionaires has the most economic influence and do influences majority of the economic policies made by the political leaders called government heads. If you think the billionaires are not part of the government then you're still in limbo mate. Many of these politicians political careers were secretly sponsored by most of the billionaires that are economically strong. The system revolves around these two socio-economic class of people.

[Pablo-wood]

Capitalism has never been the problem; the problem is playing the victim and thinking the world owes you something. There is inequality, yes, but capitalism allows people, in a way, to take control of their own destiny, unlike communism, where the state controls everything. Of course, some people have more "advantages," but that doesn't mean those who don't can't succeed and prosper.

If communism was successful would capitalism be as manipulative as it is today?. Capitalism isn't the problem, it's the corrupt policies set by corrupt leaders that make most private companies twist their terms of service just to meet up the demands of this leaders. The unbalanced opportunity we have in the society make some persons take longer than necessary to find themselves and when they eventually do the follow the laid down structure with no effort to effect any change due to pressure.

[dansus021]

Is there any possibility that we have a hybrid system like combining capitalism and communism, so in certain level we have a government that has a set of rules, but still enough freedom of speech. Capitalism and other also had its own plus and minuses I mean if a hybrid system is possible, this would be great.

The rich get richer is the only problem with capitalism the rich can reinvest it to make more money, while workers who only have their labor often struggle to keep up with inflation.

[stompix]

The burden of proof is on your side, so any data to actually back this claim up or are you going to man up and recognize you pulled it out of you know what?

Okay, I get your point now. Libya life expectancy was the highest in Africa and not the world. But the man's time was great but taken down by Libyans that are hungry for power while the West see it as an advantage but see where Libya is now compared to Gadaffi time. He was a very great man.

Good, now we're talking,  so , now how do you explain this?
https://data.worldbank.org/indicator/SP.DYN.LE00.IN?end=2007&locations=LY-TN&start=1968



I'm genuinely curious how you will explain that Tunisia, even without having a genius like Gaddafi, managed to surpass the life expectancy growth of Libya during Gaddafi's reign by 5 years.. 

[Alpha Marine]

Who are the governments, and who are the billionaires? These class of men walks on same lane and align in similar interests. The billionaires has the most economic influence and do influences majority of the economic policies made by the political leaders called government heads. If you think the billionaires are not part of the government then you're still in limbo mate. Many of these politicians political careers were secretly sponsored by most of the billionaires that are economically strong. The system revolves around these two socio-economic class of people.

Again, I ask, what is the alternative, but nobody has been able to give me a solid answer. If hthe governmnet are correupt now in a capitalist system where they don't control all the wealth of the state, how do you think these corrupt governmnet official will be when they control the means of production? How do you expect a corrupt government to distribute wealth equally in an alternative system from capitalism? How is a corrupt government going to reduce inequality? Are they just going to continue sharing the wealth among themselves and the billionaires since they are one and the same?

So, if you are against capitalism, what is the alternative that will be better? A system that will ensure equality and also focus on the growth of the economy, without politicians or billionaires having the upper hand?

[WannaParadise]

Most of the time, I see people blaming capitalism for the world's situation. I see it on the forum, I see it on social media and even on the news. But is capitalism really the cause of the world being shit today? If the whole world had other economic systems, would it be better than it is today? How about countries that use other economic systems? Are they perfect?

I believe capitalism alone is not the reason why the world is in such a bad state... The main problem is weak, corrupt or incompetent state administrations!!! Poorly functioning controls and regulations provide opportunities for abuse by large companies. This creates inequality and injustice. Socialist or communist systems are also not flawless. Although they promise equality in theory, different problems and hierarchies may arise in practice. When functioning within the framework of a free market, laws and ethics, capitalism fosters innovation, productivity and prosperity. The problem lies in the absence of this framework, which can lead to the misuse of capitalism. I think, the solution is not to abandon capitalism, but to establish transparent, accountable and effective public institutions and strong regulations.  Additionally, equal opportunities must be ensured through education, infrastructure and employment creation policies so that both economic growth and social justice become possible.

[tygeade]

The "alternative" to a corrupt capitalism, isn't a corrupt socialism, nor it's any other running method. The reality is that, as long as the government is corrupt, there is nothing that we can do about it. You are going to have bad governments making bad decisions, hell sometimes not even for their benefit, and yet they are just making wrong decisions all together.

If in UK you are getting a longer jail sentence when you write something about a race on twitter, compared to someone actually injuring someone, that is freedom of speech, doesn't really help anyone in the government, so it is not corruption for example. Overall, if you have morons that rule you, it doesn't matter what type of market system you have, it's futile attempt. The all about "good people" running your country, then you can have any system and it will be fine.

[9ja Amaka]

I don't agree that capitalism is the problem either, rather I also blame the government for the suffering of the people. In my opinion I think capitalism is the best economic system, because it's helps in developing a nation better. You can see that most great nation practice capitalist system of economy, and I guess that's why they are great today. In a country where they practice capitalism and the country is still suffering,  we should look at the government and you we realize that the leaders are the issue and not the capitalist system.

[tabas]

I don't agree that capitalism is the problem either, rather I also blame the government for the suffering of the people. In my opinion I think capitalism is the best economic system, because it's helps in developing a nation better. You can see that most great nation practice capitalist system of economy, and I guess that's why they are great today. In a country where they practice capitalism and the country is still suffering,  we should look at the government and you we realize that the leaders are the issue and not the capitalist system.

Capitalism is just fine, the government can't provide all the things that their citizens need. And so, stepping with the private investors and businessmen, they'll provide the necessities and employment for their people. But it's also the government that steps in and give hardship to the private companies. I agree that if there's to blame, it is the government. If they're not receiving some money through their pockets based on the policy that they provide to these corporations then they'll also are giving them more favor for some returns.

[EluguHcman]

So if the government are that bad, how do you think the world would be if they had control of everything?

Obviously the governments seem to already control and that is why Privacies or individual rights in the socialism has become something negotiable and not merits set upon for the general public.
There is where connections or relationship with those at the high offices is very essential to exercise those rights as equity which therefore breaks beats the essence of socialism.

Capitalism is also a form of revenue generating income for the government and because they (government) can not cover all economic infrastructures, they thought of allowing individuals establishing their own creativities and businesses to expand the economy structures.

So, capitalism and socialism are both branches for economy developments. Still, governments has influence over every said and done.

[Yeesha]

I don't agree that capitalism is the problem either, rather I also blame the government for the suffering of the people. In my opinion I think capitalism is the best economic system, because it's helps in developing a nation better. You can see that most great nation practice capitalist system of economy, and I guess that's why they are great today. In a country where they practice capitalism and the country is still suffering,  we should look at the government and you we realize that the leaders are the issue and not the capitalist system.

Yeah of course, capitalism is not the problem. In fact how is it the problem? The truth is that capitalism is a great opportunity, because it will also create job opportunities for the youth graduate and also the less privileged people. The government is also at fault because they couldn't utilise the resources available, and besides it's their responsibility. But despite the situation of the economy people are still working so hard to stabilise their lives without the help of the government. They are several private sectors where some people worked in to earn a living, and that is actually a great privilege because that is also an opportunity for them to build their lives and be the best version of themselves.

[ayomarcelle]

I believe capitalism alone is not the sole source of the problem! The real issue is the incompetence and corruption of governments. I think, markets will be misused if there are no regulations, oversight and fair enforcement. Because when the institutions that set and enforce the rules are weak, large companies gain an advantage and the public suffers.I think, the ideal approach is to preserve the dynamism of the free market while ensuring justice through strong public policies... For example, tax justice and investments in education and employment. This approach both supports economic growth and increases social well being.

[Lida93]

[Again, I ask, what is the alternative, but nobody has been able to give me a solid answer. If hthe governmnet are correupt now in a capitalist system where they don't control all the wealth of the state, how do you think these corrupt governmnet official will be when they control the means of production? How do you expect a corrupt government to distribute wealth equally in an alternative system from capitalism? How is a corrupt government going to reduce inequality? Are they just going to continue sharing the wealth among themselves and the billionaires since they are one and the same?

So, if you are against capitalism, what is the alternative that will be better? A system that will ensure equality and also focus on the growth of the economy, without politicians or billionaires having the upper hand?

Are countries like China and Russia operating a capitalist economic system? Yet they have one of the best economies and a government that's better than most capitalist states of the world. Capitalism creates exploitation of man to man more than any economic system in the name of free market competition. Check through history by doing a quick research, Africa had the African type of socialism, a communal system which was definitely different and peculiar to African heritage and which corruption was strictly checkmated from top to bottom until the colonialists arrived and distorted the system imposing an alien system to the African environment which hasn't in any reasonable way produced real development because it leaves the elite fantastically corrupt and stronger than public institutions.

[Alpha Marine]

Are countries like China and Russia operating a capitalist economic system? Yet they have one of the best economies and a government that's better than most capitalist states of the world.

And there is no corruption in Russia, right? It's not the rich getting richer. The system does not favour the rich more than it favours the poor, right? Even during the Soviet era, when they practised strict socialism, there was no corruption, right? The elite were not more favoured than the average citizens, right?
Currently, the oligarchs in Russia control the industries. There is no equality that socialism claims to provide. Even China does not operate strict socialism right now. They have a mixed system.

Capitalism creates exploitation of man to man more than any economic system in the name of free market competition.

And socialism doesn't? In every working economy, there will always be classes. The upper class, middle class and lower class. This does not necessarily make the society flawed. People cannot be equal financially. One has to work for the other.

Check through history by doing a quick research, Africa had the African type of socialism, a communal system which was definitely different and peculiar to African heritage and which corruption was strictly checkmated from top to bottom until the colonialists arrived and distorted the system imposing an alien system to the African environment which hasn't in any reasonable way produced real development because it leaves the elite fantastically corrupt and stronger than public institutions.

Bro, go and read up all the rich and big pre-colonial cities of Africa, you will see that a good majority of them where capitalist oriented cities. They were focused on trade. From North African cities like Tangier, or the Berbers where all capitalist-oriented. They believe that you earn whatever you can work for.
Even ancient West African cities like Mali, the Oyo Empire, Benin Empire, and Songhai where capitalist oriented. They were not a capitalist state in the modern sense, but they were market-driven.

Communism in African states only worked in very small villages where everybody knew everybody, and they could all work for each other, but in big cities like the ones I mentioned, socialism could not thrive, not to mention communism.

You insult Africa by insinuating that the colonial masters introduced it to capitalism. It was always a system of "anybody can go out there and create wealth for themselves, whichever way possible, as long as it was not against the laws of the land".
A mistake you people make is that you mistake "communal" for "communism". A lot of sophisticated pre-colonial African countries were communal, meaning they looked out for each other; they were a community, but that does not mean their economic system was communism.

Again, blame poor leaders for poverty and all the rubbish that goes on in Africa, but not capitalism. African leaders would be even worse in a socialist system where they have more power and control.
Also, the colonialist did its toll on Africa, but after 60+ years, do we really want to still blame the colonialist for the current state of Africa? Are we still doing that?

[Oluwa-btc]

As for uniting Africa to be one, that is such a funny thing to believe in. You're Nigerian, you know how the country has been simply because the British forced three or two very different people to become one. Now you have a country with very different beliefs and way of life to an extent that they can't even agree on something as humane as illegalising child marriage.
United Africa is a bullshit dream. It's exactly the kind of dream a tyrant would have. Europe did not have to unite into a country to be great. Europe did not have to be one country to share a currency.
Northern Africans even consider themselves better than the rest of Africa. Believing in Africa as a country is so laughable.
You look around Africa and see how tribes are fighting against each other in different ways, and believe the continent can be one country?

You may consider it anyhow you want, but we're one race, one people,  black love and if you don't want it, fine as for me, I will watch and see Africa Unite as one. And we do not need no western practices that steals our labour and resources in Africa anymore. A new Nigeria is possible, do away with your negativity. There's nothing bullshit about Africa, maybe you feel that way deep in yourself and if you don't it is high time you change your mindset. You keep on comparing Africa with Europe do you think they're any better? Just a bunch of better pr. Africans with this mindset can leave the continent fr fr.

[TofuRute]

I believe capitalism alone is not the sole source of the problem! The real issue is the incompetence and corruption of governments. I think, markets will be misused if there are no regulations, oversight and fair enforcement. Because when the institutions that set and enforce the rules are weak, large companies gain an advantage and the public suffers.I think, the ideal approach is to preserve the dynamism of the free market while ensuring justice through strong public policies... For example, tax justice and investments in education and employment. This approach both supports economic growth and increases social well being.

I think that's a more balanced way to look at it, capitalism by itself isnt the issue, but without proper rules, it can easily be abused. When oversight is weak, those with more power or resources tend to benefit more, and the gap gets wider. At the same time, too much control can also slow down growth and innovation.

What really matters is balance. A system where markets can grow, but with fair rules in place to protect people and keep things from being exploited. That's usually where both economic growth and stability can happen together.