Capitalism and extreme poverty

[Ringo]

Funny how extreme poverty only exists where liberty and capitalism are suppressed.

African children in cobalt mining will not agree with you. Although... That's not the right kind of capitalism! That's what it's all about! The right kind of capitalism is when you rob.

 

[Weatherman2020]

African children in cobalt mining will not agree with you. Although... That's not the right kind of capitalism! That's what it's all about! The right kind of capitalism is when you rob.

Tell us the nation and I’ll show you a liberty and capitalism hating regime.

 

[initforme]

The fact is working harder and harder can lead to a deeper and deeper level of poverty.

 

[Weatherman2020]

The fact is working harder and harder can lead to a deeper and deeper level of poverty.

Sleep all day then.

 

[Mexicano]

California Lurches Towards Socialism — New Golden State Legislation Could Upend Capitalism In U.S.

The far left’s attempts to take control of private enterprise via modern socialism are moving forward in California.

www.forbes.com

"modern Marxists recognize that companies and industries can effectively be controlled through extensive regulations"
That's a big stretch of the imagination.
Regular capitalism has tons of regulations ( construction codes, sanitation rules, labor regulations) . That's not socialism.
You either capture the profits of a private enterprise or get hold of the means of production.

 

[Mexicano]

Cali is taxing the middle class out of existence to give to the illegals swarming over the border.

Well , sory but that's not socialism google it yourself:

"a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole."
It can be called mismanagement of public funds if you like, but such policies don't imply socialism in any way.

 

[Ringo]

"modern Marxists recognize that companies and industries can effectively be controlled through extensive regulations"
That's a big stretch of the imagination.

 

[Captain Caveman]

"modern Marxists recognize that companies and industries can effectively be controlled through extensive regulations"
That's a big stretch of the imagination.
Regular capitalism has tons of regulations ( construction codes, sanitation rules, labor regulations) . That's not socialism.
You either capture the profits of a private enterprise or get hold of the means of production.

I think you live in a world where a country/state suddenly jumps between each economic model. You will find there's crossover and progression. So take the production of energy in California where the energy companies production is charged highly to provide funds for the renewables, a step towards controlling production. Higher taxes elsewhere to redistribute wealth via the welfare system. As each tax, or tax increase, and tariff is implemented or increased, you're progressing to socialism. Then when the state or country nationalises utility companies, you're that extra step forward again.

So California is progressing towards socialism, their ever increasing policies are doing this. The exodus of many rich folk is one indication of what's going on. At least only the odd state in America does it, it means the folk can move away from the shared misery to a different state. When a single/full country does it, everyone suffers and the country collapses.

 

[mak2]

unfettered capitalism is the problem. Wages have not kept up with profits for decades, what else could happen. Homeless and poverty while the rich get richer.

 

[Captain Caveman]

unfettered capitalism is the problem. Wages have not kept up with profits for decades, what else could happen. Homeless and poverty while the rich get richer.

Under capitalism, you reap what you sow, so sow better. Under Socialism, everyone ends up homeless and in poverty.

Simple solution, stop using the rich. Stop using Amazon, stop using Microsoft, stop buying Tesla's etc.. Full blown Socialism tells you what you are allowed to buy, under Capitalism, people forever design and provide things in the hope that that's what you want, and if you don't want it, they're design and provide something else.

You don't have to use big business, people can get off their backsides and use local shops, buy locally made/grown products. But the majority don't, they're happy to consume what big companies offer, then you get a certain group that whinge about these big companies being too rich, yet use them.

 

[Ringo]

Under Socialism, everyone ends up homeless and in poverty.

This is just silly...

 

[Weatherman2020]

This is just silly...

Correct. The 1% are filthy rich and the 99% live in squalor.

 

[westwall]

This is just silly...

Point to one country where that wasn't the result.

 

[Ringo]

Point to one country where that wasn't the result.

Brainwashed people can be regrettable. But when such people think they know everything and have the right to tell the rest of the world, they are despicable.
My experience of living in the USSR was 35 years. Therefore, idiotic remarks about the homeless in the USSR only make me feel that way.

 

[Mexicano]

I think you live in a world where a country/state suddenly jumps between each economic model. You will find there's crossover and progression. So take the production of energy in California where the energy companies production is charged highly to provide funds for the renewables, a step towards controlling production. Higher taxes elsewhere to redistribute wealth via the welfare system. As each tax, or tax increase, and tariff is implemented or increased, you're progressing to socialism. Then when the state or country nationalises utility companies, you're that extra step forward again.

So California is progressing towards socialism, their ever increasing policies are doing this. The exodus of many rich folk is one indication of what's going on. At least only the odd state in America does it, it means the folk can move away from the shared misery to a different state. When a single/full country does it, everyone suffers and the country collapses.

Mind reading? Well , no, I do know it is a gradient, but the transition into socialism usually takes the following forms
a) The government provides goods and services that could be provided by private firms ( education, water, sanitation ), sometimes competing with private firms.
b) Profits are taxed from firms and capitalists and distributed.
c) Setting a price cap on prices.

Notice "C" is also used by regular capitalism during war-time.
Regulations are a part of normal capitalism. An unregulated market looks exactly like drug production and distribution. That's complete market freedom.

 

[Weatherman2020]

Brainwashed people can be regrettable. But when such people think they know everything and have the right to tell the rest of the world, they are despicable.
My experience of living in the USSR was 35 years. Therefore, idiotic remarks about the homeless in the USSR only make me feel that way.

When the Berlin Wall fell which way did people run?

 

[Mexicano]

Ringo,
""modern Marxists recognize that companies and industries can effectively be controlled through extensive regulations""
Indeed your post seems to support the opposite : governments can be controlled by companies and industries.

 

[westwall]

Brainwashed people can be regrettable. But when such people think they know everything and have the right to tell the rest of the world, they are despicable.
My experience of living in the USSR was 35 years. Therefore, idiotic remarks about the homeless in the USSR only make me feel that way.

Ahhhh, you're a russki. Funnily enough, the living conditions in the former USSR got exponentially better when they abandoned socialism.

Huh, funny how that works.

I had the privilege of visiting the former Soviet Union, and later the Russian Federation. It was night and day different.

Thanks for proving our point.

 

[Mexicano]

Ahhhh, you're a russki. Funnily enough, the living conditions in the former USSR got exponentially better when they abandoned socialism.

Huh, funny how that works.

I had the privilege of visiting the former Soviet Union, and later the Russian Federation. It was night and day different.

Thanks for proving our point.

Russia's gdp per capita collapsed when they abandoned socialism. It went from 8,000 to 4,000 in 8 years.
It took them 9 years to recover their gdp. Since then it has gone up to 10,200. An improvement of 25% ... that doesn't qualify as an exponential improvement.

Russia GDP per capita

The Gross Domestic Product per capita in Russia was last recorded at 11043.26 US dollars in 2024. The GDP per Capita in Russia is equivalent to 87 percent of the world's average. This page provides the latest reported value for - Russia GDP per capita - plus previous releases, historical high...

tradingeconomics.com

 

[Captain Caveman]

This is just silly...

Go and live in Venezuela. If you manage for long, report back to us, if you're allowed.