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. #161
    Educator Gabriel's Avatar
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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
    We tend to privatize profits and socialize losses with the financial system, moral hazard is bound to develop.
    We've been doing this for near on 70 years.
    Well.. if that process was not followed, do you suppose there would be so much blind faith in the free market?

  2. #162
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    Well.. if that process was not followed, do you suppose there would be so much blind faith in the free market?
    That isn't a "free market."

    It's not blind faith, it's what works best, for most people.
    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

  3. #163
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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
    That isn't a "free market."

    It's not blind faith, it's what works best, for most people.
    Well no it isn't free market at all is it? Do you suppose that maybe the whole gig is entirely fake? I mean banks create wealth out of nothing. It works best for some people.. not all people.
    Last edited by Gabriel; 09-25-10 at 03:58 PM.

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

    Quote Originally Posted by Gabriel View Post
    Well no it isn't free market at all is it? Do you suppose that maybe they whole gig is entirely fake? I mean banks create wealth out of nothing. It works best for some people.. not all people.
    Banks are the only group with the power to create currency, so it isn't worth nothing.
    Power does have a value and people generally respect that.
    Although I don't agree with the cartel they are allowed to maintain.

    It works best for most people, no other system comes close to replicating the gains, that capitalism has provided for almost all people.

    Dedicated technological and social progression, could not exist without some form of free exchange.
    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

  5. #165
    Educator Gabriel's Avatar
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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
    Banks are the only group with the power to create currency, so it isn't worth nothing.
    Power does have a value and people generally respect that.
    Although I don't agree with the cartel they are allowed to maintain.

    It works best for most people, no other system comes close to replicating the gains, that capitalism has provided for almost all people.

    Dedicated technological and social progression, could not exist without some form of free exchange.
    It works best for a small minority actually. Most don't understand what it means to have your own private jet etc..

    Clearly private banking that is unregulated is not benign and your fooling yourself it you think otherwise. Nationalised banking is possible I believe but I'd prefer a separation of state and fiscal responsibility if there actually was one. let the banks fail .. show the people what the market is about and retain governmental jurisdiction over the well being of society. Its what is going to happen anyhow but it did not have to be so ridiculously messed up as they have made it.
    Last edited by Gabriel; 09-25-10 at 04:09 PM.

  6. #166
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    It works best for a small minority actually. Most don't understand what it means to have your own private jet etc..
    If you need a private jet to be happy but begrudge others who want one, you may have other issues that no economic system can help.

    I can't fix this for you either.

    Quote Originally Posted by Gabriel View Post
    Clearly private banking that is unregulated is not benign and your fooling yourself it you think otherwise. Nationalised banking is possible I believe but I'd prefer a separation of state and fiscal responsibility if there actually was one. let the banks fail .. show the people what the market is about and retain governmental jurisdiction over the well being of society. Its what is going to happen anyhow but it did not have to be so ridiculously messed up as they have made it.
    Oh I know, something about the bourgeois being evil and all that.

    All you're moving towards is more centralization, the best I can hope for is that you live to see the results of your wants and that you also live long enough to regret them.

    Hopefully, you won't be able to take the rest of us, down that path.
    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

  7. #167
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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
    If you need a private jet to be happy but begrudge others who want one, you may have other issues that no economic system can help.

    I can't fix this for you either.



    Oh I know, something about the bourgeois being evil and all that.

    All you're moving towards is more centralization, the best I can hope for is that you live to see the results of your wants and that you also live long enough to regret them.

    Hopefully, you won't be able to take the rest of us, down that path.
    lmao, oh but you could if you had the money.. and that actually happens often enough.. but that point is nether here nor there. The point is that capitalism and free markets work best for a minority.. not the majority. A very powerful and influential group in Washington.

    Umm.. I think you are making some sort of character judgement with regards to my line of questioning that is off base and instead of giving a straight answer you attack my character. Suggesting some variety of moral failure on my behalf because of some simple questions libertarians should be all up front about.
    Last edited by Gabriel; 09-25-10 at 04:28 PM.

  8. #168
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Gabriel View Post
    lmao, oh but you could if you had the money.. and that actually happens often enough.. but that point is nether here nor there. The point is that capitalism and free markets work best for a minority.. not the majority. A very powerful and influential group in Washington.
    You'd be right except none of it is remotely true
    Almost all people benefit, greatly I would add.

    Quote Originally Posted by Gabriel View Post
    Umm.. I think you are making some sort of character judgement with regards to my line of questioning that is off base and instead of giving a straight answer you attack my character. Suggesting some variety of moral failure on my behalf because of some simple questions libertarians should be all up front about.
    No, I'm saying that what you are talking about, is the same as all the other "hate the bourgeois" and "free the people from capitalism."

    High ideals that can never be replicated in the real world.
    They almost universally end up being violent and bloody, usually, towards many innocent people.
    Something I can't endorse.

    I just hope you live to see the consequences of what you want.
    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

  9. #169
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by Hatuey View Post
    And yet that has nothing to do with what is being discussed. Please step out of your capitalist cheer leading clothes for ONE SECOND and realize what is being asked. Does free trade force a percentage of the population to live in poverty? Being paid $20 a month does not mean you get out of poverty. It means you get just enough to feed yourself. Nothing else. And that is by 'conservative' standards of what you'd need to feed yourself in impoverished countries. Which is about $1 a day but lets say he makes $30 instead of $20. Now what does working just so you can feed yourself mean to you? It means you are stuck in a cycle of trying to accumulate just enough wealth to survive. Thus my argument that capitalism does force some people to stay poor. Obviously if you only make enough money through the day to eat, you're not going to want to go to school or get a higher certification because you simply don't have the time. That is what is being argued here.



    That is so ridiculous it's not even funny. The formula is very simple: higher level of education gives one more opportunities and thus more money.







    Now, you're welcome to bring up every single exception you believe disproves this rule but would you say that on average a person with a bachelors degree is very likely to have less money than some high school drop out? I highly doubt that. I think the guy with a bachelors is going to have more money 9 times out of 10.



    Most of Africa, the non-coastal areas of China, the majority of India etc. Seriously. Travel the world a little.
    Who would have thought that these people making a dollar a day are spending 3-7$ a month to send their kids to a PRIVATE (for-profit) school?

  10. #170
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    Re: Does Capitalism force a percentage of the population to live in poverty?

    Quote Originally Posted by ElijahGalt View Post
    Who would have thought that these people making a dollar a day are spending 3-7$ a month to send their kids to a PRIVATE (for-profit) school?
    When I was born all you needed for a decent income was high school.

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