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Capitalism has also created more poor people than any other system.Capitalism has done more good for the poor than any other system combined.
Where is Democracy to be found in a world where the three richest individuals have assets that exceed the combined GDP of 47 countries?
Do you have any proof of that statement?No one has benefitted more from capitalism more than poor people. Their quality of life is a million times better than it used to be.
"In a world of plenty why are hundreds of millions, perhaps billions of people vulnerable at all? The vulnerable and exploited exist because of an inherently unjust social-economic system, which has caused extreme global inequality and built a divided and fractured world society."
Spotlight on Worldwide Inequality
Capitalism has also created more poor people than any other system.Capitalism has done more good for the poor than any other system combined.
Your link:The One Chart That Proves Capitalism Works - PolicyMic
Capitalism is getting the poor in South Africa out of poverty.
It's big Government control & interference that causes more inequality.
Capitalism has also created more poor people than any other system.Capitalism has done more good for the poor than any other system combined.
Do you have any proof of that statement?
"In a world of plenty why are hundreds of millions, perhaps billions of people vulnerable at all? The vulnerable and exploited exist because of an inherently unjust social-economic system, which has caused extreme global inequality and built a divided and fractured world society."
Spotlight on Worldwide Inequality
I don't really care about other countries.
Just compare the "poor" in the US to the rest of the world and you have to come to the conclusion that our system is better for poor people.
Right...fuck income inequality because our poor have microwaves! We win!
Your link:The One Chart That Proves Capitalism Works - PolicyMic
Capitalism is getting the poor in South Africa out of poverty.
It's big Government control & interference that causes more inequality.
"That being said, this chart really does put things into perspective. While we take for granted the simple things in life, nearly 1 billion people throughout the globe are currently struggling to survive on less than $1.25 a day. While it's great to get involved and donate your time, talents, and resources to local charities, what's really going to help these families is economic liberty."
Capitalism and the governments it controls are consigning more individuals to poverty today than at any time in its history:
"The figures depicting poverty and hardship are many and varied. Over 20 per cent of the worlds population (that is 1.4 billion people) live on less than 1.25 dollars a day, 75 cents below the official World Bank poverty threshold.
"UNICEF states that 22,000 children (under the age of five; if it was six or seven the numbers would be even higher) die every day due to poverty-related issues.
"Of the two billion children in the world, half are currently living their lives in extreme poverty, with limited or no access to clean water or sanitation, healthcare and education worth the name.
"The greatest concentrations of people living below the 2-dollars-per-day poverty line are to be found in rural areas, where three in every four of those below the poverty line are to be found. Life is little better in the cities, where over half the worlds 7.2 billion population now live, one in three of whom are living in a slum."
Spotlight on Worldwide Inequality
Right...fuck income inequality because our poor have microwaves! We win!
Capitalism and the governments it controls are consigning more individuals to poverty today than at any time in its history:[/B]
Finance capitalism has replaced its industrial cousin to such an extent that one in four children in the US live in poverty, where the richest 1% take home 22 percent of the nation's income, and the hyper-rich 0.1% garner 11 percent.There used to be an incentive for the wealth to somewhat trickle down as a consumer with disposable income was the goal of capitalism but today the financial markets are so rigged that we are in effect paying tribute to these people and the goal is simply to skim off the top of everything while contributing little to overall prosperity.
Private wealth has controlled all governments since the very first.Capitalism and the governments it controls are consigning more individuals to poverty today than at any time in its history:[/B]
Excuse the fuck out of me dingle berry, CAPITALISM do not control governments - nor is Capitalism being practiced anywhere in the world at this point in time. Nor has it been practiced in the US since , circa, 1913.
.
More and more in the US capitalism guarantees the single most important factor in deciding the trajectory of your life is picking the right parents.Where is Democracy to be found in a world where the three richest individuals have assets that exceed the combined GDP of 47 countries?
A world where the richest 2% of global citizens "own" more than 51% of global assets?
Ready for the best part?
Capitalism ensures an already bad problem will only get worse.
"The Organization for Economic Cooperation and Development (OECD) states that income inequality 'first started to rise in the late 70s and early 80s in America and Britain (and also in Israel)'.
"The ratio between the average incomes of the top 5 per cent to the bottom 5 per cent in the world increased from 78:1 in 1988, to 114:1 in 1993..."
"Stiglitz relays that from 1988 to 2008 people in the worlds top 1 per cent saw their incomes increase by 60 per cent, while those in the bottom 5 per cent had no change in their income.
"In America, home to the 2008 recession, from 2009 to 2012, incomes of the top 1 per cent in America, many of which no doubt had a greedy hand in the causes of the meltdown, increased more than 31 per cent, while the incomes of the 99 per cent grew 0.4 per cent less than half a percentage point."
Spotlight on Worldwide Inequality
There are alternatives that don't require infinite "growth."
Capitalism guarantees equality of opportunity, not equality of outcome. The quality of your outcome is totally dependent on you.
Where is Democracy to be found in a world where the three richest individuals have assets that exceed the combined GDP of 47 countries?
A world where the richest 2% of global citizens "own" more than 51% of global assets?
Ready for the best part?
Capitalism ensures an already bad problem will only get worse.
"The Organization for Economic Cooperation and Development (OECD) states that income inequality 'first started to rise in the late 70s and early 80s in America and Britain (and also in Israel)'.
"The ratio between the average incomes of the top 5 per cent to the bottom 5 per cent in the world increased from 78:1 in 1988, to 114:1 in 1993..."
"Stiglitz relays that from 1988 to 2008 people in the worlds top 1 per cent saw their incomes increase by 60 per cent, while those in the bottom 5 per cent had no change in their income.
"In America, home to the 2008 recession, from 2009 to 2012, incomes of the top 1 per cent in America, many of which no doubt had a greedy hand in the causes of the meltdown, increased more than 31 per cent, while the incomes of the 99 per cent grew 0.4 per cent less than half a percentage point."
Spotlight on Worldwide Inequality
There are alternatives that don't require infinite "growth."
Private wealth has controlled all governments since the very first.Capitalism and the governments it controls are consigning more individuals to poverty today than at any time in its history:[/B]
Excuse the fuck out of me dingle berry, CAPITALISM do not control governments - nor is Capitalism being practiced anywhere in the world at this point in time. Nor has it been practiced in the US since , circa, 1913.
.
No economic system has ever generated private fortunes as effectively as capitalism.
Why don't you give me your definition of "capitalism?"
Do you believe capitalism should be held accountable for its failures as well as its successes?GP, why dont you elaborate on a system that is better than capitalism. Capitalism has lifted more out of poverty than all others combined. Tell us how that can be improved upon.
