Solution to poverty - Socialism or Capitalism?

[Harley997]

I believe it's socialism and to be more specific, communism.

ONLY, if it was applied in a proper way.

I can't find a solution for poverty in capitalism.

Communism and socialism take away incentives to be creative and create more efficient ways of doing things.  

Intensives are mainly around resource allocation for capitalism though.  Humans want more than a bunch of material things and access to stuff other people cant afford.

That may be true, but when deciding if they wish to work or how hard they will word they will look at the financial rewards.

[cbeast]

Socialism and Capitalism are like peanut butter and chocolate. Sure they go great together, but RBE is like a thick juicy steak and an ice cold beer.

[BitCoinNutJob]

Socialism and Capitalism are like peanut butter and chocolate. Sure they go great together, but RBE is like a thick juicy steak and an ice cold beer.

I'd love for the RBE advocates to develop a working prototype of a decentralized computer resource allocating system in order for me to seriously consider it as practically possible to implement.  

[BitCoinNutJob]

I believe it's socialism and to be more specific, communism.

ONLY, if it was applied in a proper way.

I can't find a solution for poverty in capitalism.

Communism and socialism take away incentives to be creative and create more efficient ways of doing things.  

Intensives are mainly around resource allocation for capitalism though.  Humans want more than a bunch of material things and access to stuff other people cant afford.

That may be true, but when deciding if they wish to work or how hard they will word they will look at the financial rewards.

When you were "younger" before you had money and material concerns did financial rewards really motivate you 100% or even all that much ?  I can remember is being motivated to achieve via people and environment almost entirely.  

[alexeft]

I believe it's socialism and to be more specific, communism.

ONLY, if it was applied in a proper way.

I can't find a solution for poverty in capitalism.

Communism and socialism take away incentives to be creative and create more efficient ways of doing things.  

Intensives are mainly around resource allocation for capitalism though.  Humans want more than a bunch of material things and access to stuff other people cant afford.

That may be true, but when deciding if they wish to work or how hard they will word they will look at the financial rewards.

When you were "younger" before you had money and material concerns did financial rewards really motivate you 100% or even all that much ?  I can remember is being motivated to achieve via people and environment almost entirely.  

How true!!!!

[sana8410]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

[Erdogan]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

Except...in practice...they freeze, starve, die from lack of medicine, get rounded up into camps and killed.

[Harley997]

I believe it's socialism and to be more specific, communism.

ONLY, if it was applied in a proper way.

I can't find a solution for poverty in capitalism.

Communism and socialism take away incentives to be creative and create more efficient ways of doing things.  

Intensives are mainly around resource allocation for capitalism though.  Humans want more than a bunch of material things and access to stuff other people cant afford.

That may be true, but when deciding if they wish to work or how hard they will word they will look at the financial rewards.

When you were "younger" before you had money and material concerns did financial rewards really motivate you 100% or even all that much ?  I can remember is being motivated to achieve via people and environment almost entirely.  

Did financial rewards as in money motivate me? no

Did rewards that were purchased by money motivate me? yes

[ShakyhandsBTCer]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

Socialist societies are similar to a "utopia" they sound great on paper but in reality they cannot work and must have some small elite group of people having a vast amount of power   

[niothor]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

You obviously haven't tasted on your own the benefits of a socialist society.
All that you claim it's happening only in theory , in real life it's 20 times worse than capitalism.

[BitCoinNutJob]

I believe it's socialism and to be more specific, communism.

ONLY, if it was applied in a proper way.

I can't find a solution for poverty in capitalism.

Communism and socialism take away incentives to be creative and create more efficient ways of doing things.  

Intensives are mainly around resource allocation for capitalism though.  Humans want more than a bunch of material things and access to stuff other people cant afford.

That may be true, but when deciding if they wish to work or how hard they will word they will look at the financial rewards.

When you were "younger" before you had money and material concerns did financial rewards really motivate you 100% or even all that much ?  I can remember is being motivated to achieve via people and environment almost entirely.  

Did financial rewards as in money motivate me? no

Did rewards that were purchased by money motivate me? yes

So i dont know how you mean exactly, do you mean sorta like as a kid you saw some nice bike and thought to yourself, I'm really motivated to get a paper round so i can get a bike like that ?

[alani123]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

You obviously haven't tasted on your own the benefits of a socialist society.
All that you claim it's happening only in theory , in real life it's 20 times worse than capitalism.

In all fairness, in the today's world; there is no country to follow a pure socialistic or capitalistic ideology. You can't expirience neither of them because they don't exist in their pure form anymore.

[BitCoinNutJob]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

You obviously haven't tasted on your own the benefits of a socialist society.
All that you claim it's happening only in theory , in real life it's 20 times worse than capitalism.

In all fairness, in the today's world; there is no country to follow a pure socialistic or capitalistic ideology. You can't expirience neither of them because they don't exist in their pure form anymore.

has it ever existed in its pure form? i agree all countries are obviously a mixture at this moment in time.

[NapoleonBonaparte]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

You obviously haven't tasted on your own the benefits of a socialist society.
All that you claim it's happening only in theory , in real life it's 20 times worse than capitalism.

In all fairness, in the today's world; there is no country to follow a pure socialistic or capitalistic ideology. You can't expirience neither of them because they don't exist in their pure form anymore.

has it ever existed in its pure form? i agree all countries are obviously a mixture at this moment in time.

Pretty much like ying and yang.

Light can not exists without darkness.

[Harley997]

A socialist society eliminates the unjust relationship between labor and capital that gives rise to poverty. By taking away the capitalists’ right to exploit labor, the working class is free to decide how the fruits of our labor are used. Needless to say, under this system no one will go without the basic necessities of life.

You obviously haven't tasted on your own the benefits of a socialist society.
All that you claim it's happening only in theory , in real life it's 20 times worse than capitalism.

In all fairness, in the today's world; there is no country to follow a pure socialistic or capitalistic ideology. You can't expirience neither of them because they don't exist in their pure form anymore.

You have countries that resemble both socialism and capitalism.

[sana8410]

The causes of poverty are manifold. War, disease, famine and unemployment being the big players. We can overcome this problem by doing following ideas:-
1. Employment generation
2. Drawing on various social institutions to fund poverty fighting programs e.g. charities, research institutions, U.N. , non-profit organizations, universities.
3. Transparency in government spending
4. Canceling impossible to repay world debts
5. Prioritizing programs that target fundamental human rights
6. Taxing the rich more and the poor less
7. Building self-sufficient economies
8. Education
9. Involvement of the media
10. Microfinancing

[Rigon]

The causes of poverty are manifold. War, disease, famine and unemployment being the big players. We can overcome this problem by doing following ideas:-
1. Employment generation
2. Drawing on various social institutions to fund poverty fighting programs e.g. charities, research institutions, U.N. , non-profit organizations, universities.
3. Transparency in government spending
4. Canceling impossible to repay world debts
5. Prioritizing programs that target fundamental human rights
6. Taxing the rich more and the poor less
7. Building self-sufficient economies
8. Education
9. Involvement of the media
10. Microfinancing

Ending poverty is a daunting challenge. Following is our call to action:

First, forgive international debt unconditionally and stop other predatory tactics. End the use of economic power as a means by which the wealthy control the poor.
Second, change the tax system in every country of the world. If justice is to be done, most of the taxes should fall on property ownership and not on the wages of working people.
Third, the poor should demand land reform, restoring land (or its value) to the people who actually work on it, instead of a few landowners.
Fourth, end privatization of natural resources and share these in common. Land, air, water, and oil are the common inheritance of all of humanity, not the stockholders of companies that have managed to grab these resources.
Fifth, "degrowth" in the rich nations--a radical cut in consumption of resources and production of waste--is necessary for the poor nations to survive. As Gandhi said, "Live simply, so others can simply live."

[sana8410]

Can you explain about fifth action you have mentioned

a radical cut in consumption of resources and production of waste--is necessary for the poor nations to survive. As Gandhi said, "Live simply, so others can simply live.

How will be this possible?

[umair127]

Capitalism is like a bandwagon pulled by mighty horses. The rich being the horses that pulls the country forward. Because to get rich, they need a market that has money to buy their products. So they have to create jobs and develop the country if they want to get richer and increase their market.

[u9y42]

Capitalism is like a bandwagon pulled by mighty horses. The rich being the horses that pulls the country forward. Because to get rich, they need a market that has money to buy their products. So they have to create jobs and develop the country if they want to get richer and increase their market.

Trickle down economics?

I don't think anyone seriously believes that anymore. You see, the problem in that is it assumes the market they have to interact with includes a significant portion of the population; but that is most often not the case anymore: look up the term "plutonomy".

Plutonomy on wikipedia:

Plutonomy (from Greek πλoῦτoς, ploutos, meaning "wealth", and νόμoς, nomos, meaning "law", a portmanteau of "plutocracy" and "economy") is a term that analysts of Citigroup have used for economies “where economic growth is powered by and largely consumed by the wealthy few.” [1]

In three reports for Citigroup clients published in 2005 and 2006 a team of Citigroup-analysts elaborated on their thesis that the share of the very rich in national income of plutonomies had become so large that what is going on in these economies and in their relation with other economies cannot be properly understood any more with reference to the average consumer: “The rich are so rich that their behavior – be it negative savings, or just very low consumption of oil as a % of their income – overwhelms that of the ‘average’ consumer.”