View Poll Results: Does capitalism force a percentage of a countries population into poverty?>

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Thread: Does Capitalism force a percentage of the population to live in poverty?

  1. #111
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    I see opportunity, where you see something else.
    It's wonderful, to see people engage in free exchange, unhindered by irrational regulation.

    Edit: that one trade stand shows the bounty a little profit motive can provide.
    Crucial point here, which may help me illustrate what I'm talking about. These people are unregulated, let's assume. They own property and work for profit. They're most likely entrepreneurs. Where Gabriel sees stagnation, Harry sees opportunity. So, who's right?

    The answer is that it depends on whether they're operating in a genuinely capitalist setting. Do they have access to credit and insurance? Can they incorporate? Do they have a stable currency that will allow them to accumulate and invest capital? These are just some of the things that promote real economic development. You have to look deeper to see whether these conditions exist.

  2. #112
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    I dislike them as well.(Ipads)

    I think what your referring to with regards to "age" is their economic era.. which would be agricultural... at least by the look of it. But then comes more advanced economies in economic theory .. manufacturing comes next which is a great industry for innovation and growth through efficiency advances.. but these advances already exist.. so maybe they will skip the manufacturing part and move to the service industry.. ? Of course in China they didn't use innovation they use cheap labour that the government keeps artificially low via anti inflationary politics that are favourable to capitalist.
    They won't necessarily skip that age because many things will be more beneficial to be made in their home country, instead of importing it.
    Thus lowering the overall cost of the item, making it more affordable for the local populace.

    China uses a combination of lower cost labor and innovation.
    The companies exporting labor jobs still employ lean manufacturing and automation to make these items because the quality standards of the export market are high.

    They can't keep their interest rates low forever, eventually they will stop.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Winston Smith View Post
    Crucial point here, which may help me illustrate what I'm talking about. These people are unregulated, let's assume. They own property and work for profit. They're most likely entrepreneurs. Where Gabriel sees stagnation, Harry sees opportunity. So, who's right?

    The answer is that it depends on whether they're operating in a genuinely capitalist setting. Do they have access to credit and insurance? Can they incorporate? Do they have a stable currency that will allow them to accumulate and invest capital? These are just some of the things that promote real economic development. You have to look deeper to see whether these conditions exist.
    I would expect that they can do pretty much whatever they want with the products they are selling.

  4. #114
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    What's a fair wage, anyway? What is enough for someone to earn? What's the fair goal?

    I don't imagine it's easy to define - minimum wage never seems to be enough . . and many who earn far more than minimum wage never seem to make enough.

    Wage means nothing - I think it's more so how you spend it, what your values are and your spending and lifestyle habits.
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  5. #115
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Winston Smith View Post
    Crucial point here, which may help me illustrate what I'm talking about. These people are unregulated, let's assume. They own property and work for profit. They're most likely entrepreneurs. Where Gabriel sees stagnation, Harry sees opportunity. So, who's right?

    The answer is that it depends on whether they're operating in a genuinely capitalist setting. Do they have access to credit and insurance? Can they incorporate? Do they have a stable currency that will allow them to accumulate and invest capital? These are just some of the things that promote real economic development. You have to look deeper to see whether these conditions exist.
    The development of credit markets in the third world, is being aided by social lending sites like Kiva(?), even without that there usually is opportunity to acquire capital to expand.
    Although it's much lower than what you would need in a first world nation.

    Incorporation isn't necessary in my opinion, neither is a lot of insurance.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    I would expect that they can do pretty much whatever they want with the products they are selling.
    Peasants have bought and sold goods since long before there was any such thing as capitalism. The question is what they can do with their businesses and their lives, not with a few pieces of fruit.

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    Re: Does Capitalism force a percentage of the population to live in poverty?

    If anyone is interested, instead of giving money to people in third world nations, you can loan at a low interest rate.
    This is a good program, doesn't require much upfront capital to participate.

    Kiva - Loans that change lives
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    The development of credit markets in the third world, is being aided by social lending sites like Kiva(?), even without that there usually is opportunity to acquire capital to expand.
    Although it's much lower than what you would need in a first world nation.

    Incorporation isn't necessary in my opinion, neither is a lot of insurance.
    These are just examples. Some people will have more need of insurance and incorporation than others. Each one will have to make his own decisions, but the conditions have to exist in which those decisions can be made.

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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Harry Guerrilla View Post
    They won't necessarily skip that age because many things will be more beneficial to be made in their home country, instead of importing it.
    Thus lowering the overall cost of the item, making it more affordable for the local populace.

    China uses a combination of lower cost labor and innovation.
    The companies exporting labor jobs still employ lean manufacturing and automation to make these items because the quality standards of the export market are high.

    They can't keep their interest rates low forever, eventually they will stop.
    Yeah no they likely actually live in a mixed free market economy.

    China does use a combination of innovation and cheap labour but manufacturers.. ie multinational corporations can skip the high cost of innovation more easy there. Which directly translates to cheap labour. But the technology exists to do it in the US .. only thing is it produces less employment which equates to less consumption. The American economy failed because of lack of legitimate manufacturing that is exported .. essentially. Chamerica is the baby of the 90's "new world era" globalisation economics, which is turning into a grand failure for the market and sequentially …….. America.

  10. #120
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Winston Smith View Post
    These are just examples. Some people will have more need of insurance and incorporation than others. Each one will have to make his own decisions, but the conditions have to exist in which those decisions can be made.
    That is true.

    I think the fundamental factors are opportunity and low barriers of entry.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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