Capitalism cures Poverty

[CrusaderFrank]

Yaron Brook explains how capitalism cures poverty.

 

[Penelope]

I disagree, consumerism drives jobs, and they need to get paid more.

 

[Wry Catcher]

Yaron Brook explains how capitalism cures poverty.

Wow, was that a professor? I never once experienced a Rant like that at CAL or SFSU - that was not a U. lecture, it was purely propaganda and the opinion / editorial of a true believer. U's teach how to think, not what to think. Of course that is what conservatives want people to believe, and how they manipulate the vote by casting every U or college as a bastion of liberal indoctrination.

Of course there were a few who intermingled their opinion into a lecture without making it clear, but by that time it became obvious to those of us who were instructed in active listening. I had one, and IR instructor who was notorious in making his ideology the only tune heard.

 

[task0778]

To date there is absolutely no other economic model that approaches the positive benefits that capitalism has provided over the past 200+ years. Not even close. To be sure, capitalism requires good governance to control it's excesses, because that is true of socialism or any other economic model because guess what, they are all run by people. Same as any form of government model, people can be corrupted, so whatever excesses capitalism is guilty of that are not being adequately addressed are pretty much the fault of inadequate government. And whose fault is that? OURS, for not throwing the bastards out.

 

[Eaglewings]

Take a look at San Francisco and see how capitalism cures poverty..
The Hi-Tech rich are paying $7,000 plus a month for rent..the poor and middle class have left..
They need to bus in people to teach their children and clean their toilets..

They kick the affordable housing out to rip down the housing for big high rise apartments..and then get $5 million an apartment..

So basically capitalism is a word for the very wealthy..

 

[CrusaderFrank]

I disagree, consumerism drives jobs, and they need to get paid more.

You might want to actually watch the short video before posting a comment that is completely and utterly refuted by the video

 

[CrusaderFrank]

Yaron Brook explains how capitalism cures poverty.

Wow, was that a professor? I never once experienced a Rant like that at CAL or SFSU - that was not a U. lecture, it was purely propaganda and the opinion / editorial of a true believer. U's teach how to think, not what to think. Of course that is what conservatives want people to believe, and how they manipulate the vote by casting ever U or college as a bastion of liberal indoctrination.

Of course there were a few who intermingled their opinion into a lecture without making it clear, but by that time it became obvious to those of us who were instructed in active listening. I had one, and IR instructor who was notorious in making his ideology the only tune heard.

What did you think about his point comparing the 2 Koreas? They were about equally impoverished about 70 years ago: one choose capitalism, the other stayed Communist.

 

[task0778]

Take a look at San Francisco and see how capitalism cures poverty..
The Hi-Tech rich are paying $7,000 plus a month for rent..the poor and middle class have left..
They need to bus in people to teach their children and clean their toilets..

They kick the affordable housing out to rip down the housing for big high rise apartments..and then get $5 million an apartment..

So basically capitalism is a word for the very wealthy..

Only if gov't allows stuff like that to happen.

 

[usmbguest5318]

I watched the video. I have a few thoughts about it:

• The video depicts five or six minutes of what must be a 45 minute or longer lecture. There's no telling what else the man discussed for the remainder of the class period. There's a huge range of ideas that could have followed or preceded the shared segment of the lecture. I can't say precisely to which chapter/section of the course the lecture segment corresponds for there are several to which the shared content is relevant.
• The shown segment from Brook's lecture is typical of professors' lectures in econ classes that are delivered as "weeding" courses in that it is an actualized exposition of the concepts, principles, laws, etc. presented in principles of economics texts. That's both good and bad. For the keen thinkers in the class, the lecture will be just what they need. For the unfortunate souls who aren't going to take the lecture content and try to assimilate it into their text's content, or those who are just there to earn credit hours and learn something about economics, that type of lecture isn't very helpful.
  
  That type of lecture is also typical of broad spectrum principles of economics classes (combined macro and micro overview for non-econ/non-business majors). Such classes often enough don't put much emphasis on the technical aspects of economics, and in those classes, such lectures are helpful.
  
  Why did I mention that? Because knowing the context under which that lecture segment was delivered would be helpful to us as third parties. It would allow us, me at least, to know from what standpoint and with what rhetorical and learning purpose(s) the man was lecturing. Knowing that, I could have something considerably more constructive to add than what follows in the next two bullet points.
• On a macroeconomic level, I absolutely agree with Brook.
• On a microeconmic level, I agree in general with Brook, but I know too there's plenty of countervailing normative economic factors that aren't presented in the video and that give due cause for one's not espousing policies that complement the ideas he's proponed in the lecture segment.

Now here's what makes my remarks in the final two bullet points have little gravitas: the man didn't say anything that truly merits one's expressing concurrence or disagreement. The temporal context of his remarks is that of the long term, that's clear, and the verity of his comments in that window are well established. The things to agree with or disagree with are what one must do to bring the long term outcome to fruition and how one or a nation handles the ineluctable downsides that will occur on the path to getting there as well as those that remain upon arriving.

 

[Sun Devil 92]

Yaron Brook explains how capitalism cures poverty.

Wow, was that a professor? I never once experienced a Rant like that at CAL or SFSU - that was not a U. lecture, it was purely propaganda and the opinion / editorial of a true believer. U's teach how to think, not what to think. Of course that is what conservatives want people to believe, and how they manipulate the vote by casting ever U or college as a bastion of liberal indoctrination.

Of course there were a few who intermingled their opinion into a lecture without making it clear, but by that time it became obvious to those of us who were instructed in active listening. I had one, and IR instructor who was notorious in making his ideology the only tune heard.

College professors spouting propaganda....

Neeeeeeeeeeeevvvvvvvvvvvvvvvveeeeeeeeeeeerrrrrrrrrrrrrrrrrrr

 

[edthecynic]

Gee there is NO poverty in Capitalistic America.

 

[CrusaderFrank]

Gee there is NO poverty in Capitalistic America.

We're fighting the "War on Poverty" for over 50 years now. How's that going?

 

[Wry Catcher]

Yaron Brook explains how capitalism cures poverty.

Wow, was that a professor? I never once experienced a Rant like that at CAL or SFSU - that was not a U. lecture, it was purely propaganda and the opinion / editorial of a true believer. U's teach how to think, not what to think. Of course that is what conservatives want people to believe, and how they manipulate the vote by casting ever U or college as a bastion of liberal indoctrination.

Of course there were a few who intermingled their opinion into a lecture without making it clear, but by that time it became obvious to those of us who were instructed in active listening. I had one, and IR instructor who was notorious in making his ideology the only tune heard.

College professors spouting propaganda....

Neeeeeeeeeeeevvvvvvvvvvvvvvvveeeeeeeeeeeerrrrrrrrrrrrrrrrrrr

I did,'t claim never, and given Liberty U. where indoctrination and propaganda impact every course, I would never claim never.

But I must point out how dishonest you are, or too illiterate to have read my post and understood it.

 

[edthecynic]

Gee there is NO poverty in Capitalistic America.

We're fighting the "War on Poverty" for over 50 years now. How's that going?

So you admit that Capitalism has NOT "cured" poverty in America.
Thank you.

 

[Wry Catcher]

Gee there is NO poverty in Capitalistic America.

We're fighting the "War on Poverty" for over 50 years now. How's that going?

Much better than the war on terror, or drugs.

 

[Wry Catcher]

Unregulated capitalism may cure some in poverty, and elevate them into the working poor. Exploitation makes the ownership and managerial classes wealthy, at the expense of labor. Today we see:

• A war on the minimum wage
• A war on unemployment insurance
• A war on OT
• A war on labor unions
• A war on benefits
• A war on earned benefits and retirements promised and reneged.

 

[CrusaderFrank]

Gee there is NO poverty in Capitalistic America.

We followed the Progressive recipe, just give poor people money for staying poor -- and they tend to stay poor

 

[CrusaderFrank]

Unregulated capitalism may cure some in poverty, and elevate them into the working poor. Exploitation makes the ownership and managerial classes wealthy, at the expense of labor. Today we see:

• A war on the minimum wage
• A war on unemployment insurance
• A war on OT
• A war on labor unions
• A war on benefits
• A war on earned benefits and retirements promised and reneged.

• A war on the minimum wage -- Still in tact. When did this happen?
• A war on unemployment insurance -- Together with Food Stamps, Unemployment is supposedly one of the big engines powering the Obama economy
• A war on OT -- Where? When?
• A war on labor unions -- They're killing themselves with unsustainable cost structure
• A war on benefits -- Where? When?
• A war on earned benefits and retirements promised and reneged. -- You mean Social Security?

 

[Wry Catcher]

Gee there is NO poverty in Capitalistic America.

We followed the Progressive recipe, just give poor people money for staying poor -- and they tend to stay poor

This goes beyond his usual idiot-gram, into the realm of total ignorance.

Temporary Assistance for Needy Families (TANF):. The Temporary Assistance for Needy Families (TANF) program is designed to help needy families achieve self-sufficiency. States receive block grants to design and operate programs that accomplish one of the purposes of the TANF program.AFDC gone, TANF replaced it in 1996.

 

[CrusaderFrank]

Gee there is NO poverty in Capitalistic America.

We followed the Progressive recipe, just give poor people money for staying poor -- and they tend to stay poor

This goes beyond his usual idiot-gram, into the realm of total ignorance.

Please explain how paying people to stay poor breaks the cycle of poverty.