Solution to poverty - Socialism or Capitalism?

[loulis]

Look at Africa to understand the failure of capitalism.

[giantdragon]

You haven't lived in USSR or forgot how it was! It was horrible, communist is a failed system where humans pray on other humans

Bad argument! Many people can say that USSR's system was excellent, so it is just your personal opinion and not the fact!
In capitalism people pray on the money! Is it better?! Very doubtful!

[boumalo]

You haven't lived in USSR or forgot how it was! It was horrible, communist is a failed system where humans pray on other humans

Bad argument! Many people can say that USSR's system was excellent, so it is just your personal opinion and not the fact!
In capitalism people pray on the money! Is it better?! Very doubtful!

To have a prosperous economy you have to follow a few rules : low regulation, price fixed freely by the market...

In USSR people loved their country and this passion led to a lot of good work being done but people didn't enjoy what a prosperous economy can get you : confort, security, ...

It is not a matter of opinion that millions of people were deported, killed or died from hunger, it is history : http://en.wikipedia.org/wiki/Soviet_famine_of_1932%E2%80%9333

In a free society with a market based economy people can innovate, create wealth and jobs and improve their lives; you don't have to buy the products of any company, there is no coercion

Look at Africa to understand the failure of capitalism.

A lot of African countries are developing thanks to the market but communist ideas have made them lost a lot of time

[BCEmporium]

Look at Africa to understand the failure of capitalism.

Many African countries are "Communist"... experiencing the very same level of "failure".
The "failure" of Africa starts with the European powers splitting its territory without concern for locals, that's why African countries are so geometrical. Tribes became split, others merged... a mess for locals.
Using the harvest resources argument is way outdated and doesn't vouch for any side, both Capitalist and Communist governments put the hand there.

[username18333]

You haven't lived in USSR or forgot how it was! It was horrible, communist is a failed system where humans pray on other humans

Bad argument! Many people can say that USSR's system was excellent, so it is just your personal opinion and not the fact!
In capitalism people pray on the money! Is it better?! Very doubtful!

To have a prosperous economy you have to follow a few rules : low regulation, price fixed freely by the market...

In USSR people loved their country and this passion led to a lot of good work being done but people didn't enjoy what a prosperous economy can get you : confort, security, ...

It is not a matter of opinion that millions of people were deported, killed or died from hunger, it is history : http://en.wikipedia.org/wiki/Soviet_famine_of_1932%E2%80%9333

In a free society with a market based economy people can innovate, create wealth and jobs and improve their lives; you don't have to buy the products of any company, there is no coercion

Look at Africa to understand the failure of capitalism.

A lot of African countries are developing thanks to the market but communist ideas have made them lost a lot of time

(You have erred.)

It takes money to make money.

Direct pursuit of capital begets direct pursuit of credit—which begets slavery.

[panju1]

Look at Africa to understand the failure of capitalism.

Many African countries are "Communist"... experiencing the very same level of "failure".
The "failure" of Africa starts with the European powers splitting its territory without concern for locals, that's why African countries are so geometrical. Tribes became split, others merged... a mess for locals.
Using the harvest resources argument is way outdated and doesn't vouch for any side, both Capitalist and Communist governments put the hand there.

I would say quite a few African countries are run under the whims of a warlord / dictator / army chief.
Communism / capitalism wouldn't make any difference to them.