Do you think capitalism is the only thing which can bring the poorest African and Asian countries out of poverty?

[Anonymous]

If not, than what else would?

[purplepoppy]

No all that would happen is those who already have money (usually criminals) would get richer and little would trickle down to the poor. Africa's best bet is to encourage foreign companies to set up there and then use the taxes to improve infrastructure and education. Some of these places also need to clean up their International image so they can negotiate better trade deals.

[strateguy632]

first need to Swap out the governments and dictators who are causing the poverty, for real representatives republic who need votes from voters. then democracy can work better than communism and hand outs.

[strateguy632]

typo i repeated but meant then capitalism. yes a freudiann slip that i equate them despite different.

[BarryLiverstone]

Education. Regardless of the systems set up politically or economically; allowing everyone the opportunity for education and adding knowledge will radically shift the continent

[Asker]

I disagree with that. They need opportunities to make more money.

Education does nothing for people living in the dirt.

What are they going to educate them on? How to build huts better?

They need resources they need investment from outside which brings them jobs.

They need a free economy.

A free market is the most important thing. To allow humans to freely trade with one another, means to allow them to grow in wealth and prosperity.

That is the root. Not Education.

[BarryLiverstone]

That’s what is great about our society. We are free to disagree.

I’m sure there are many in Africa who don’t know how to get to this website and disagree with us. Wouldn’t it be nice to educate them? And yes money and trade matter but that’s not only happening with capitalism

[strateguy632]

to barry, content education, they are doing that in e. u. now free college and the result will be tooo many of each engineer when most can't get jobs.

[BarryLiverstone]

Not talking about free college. Talking about primary education like reading and writing and giving them the opportunity to succeed

[Asker]

Education is a PRIVILEGE that wealthy nations have.

Nations who have liberalized their economies to have property rights and free markets are nations who can afford to educate their people.

Education does not come first. Freedom to trade comes first. Protection of the people's rights from coercion and force is the most fundamental thing a nation needs in order to become prosperous.

[Astarlessnightsky]

Capitalism is the thing which brought poverty to these places.

Abolishing capitalism may bring these countries out of poverty.

[Asker]

It's the exact opposite. I can't even fathom how anyone can believe such a thing.

Capitalism is the ONLY mechanism we have for bringing people out of poverty.

[strateguy632]

brought? opposite it LESSENED the total poor to the few now and created a vast middle class between poor and the borjwa or however you spell it,

[Astarlessnightsky]

Capitalism brings prosperity to a handfull of people, by exploiting the majority of people and dragging them further down into poverty.

The same deal regarding countries, a few countries prosper from the exploitation of the rest of the world.

[Astarlessnightsky]

If countries in Africa and Asia would have the chance to use their rescources and adopt a capitalism like the USA, they would be a hige thread to NA and EU.

Just look at China, once it adopted the capitalism of the USA and EU, people are trembling in fear because China may treat them like NA and EU have treated every other country on earth since the industrial revolution

[Asker]

Learn some economics you idiot. Stop spewing your braindead opinion and LEARN SOMETHING FOR ONCE.

[Astarlessnightsky]

LOL, maybe follow your own advice first

[jshm2]

It doesn't even help Western countries!

Welfare, philanthropy and extra legal enterprise is what keeps the Western system afloat. Pure capitalism is like cancer. Hence why not even the USA adopts it.

[strateguy632]

capitalism moved many poor to the newly generated middle class, some poor remain but less than the past. and many do not want to work causing "poverty by recklessness" not due to capitalism.

[KostasKouvalis]

Having a capitalist system won't help you shit if you lack the most basic leadership skills. The only way they'll get out of poverty is if they put White people back in charge.

[AngryCarl2]

Capitalism can't make a poor country rich, but it can make a rich country poor.

[Asker]

It is the exact opposite. When did a country become poor due to capitalism?

[AngryCarl2]

The people can certainly become poor. When inflation rises faster than incomes.

[strateguy632]

but the inflation wasn't caused by capitalism it wass caused by #biden hand outs and other bad policies. prices are still high. biden didn't realy fix inflation just the rate.

[Asker]

You're saying something different. I said NATIONS then your reply was that some people within a rich nation could become poor due to inflation or some other factor.

Of course there are poor people in the richest most free nations on the planet.

But ONLY capitalism has brought the majority of ANY nation's population, out of poverty and into the middle class.

Not socialism not communism. Not a monarchy or literally any system that has ever been tried EVER.

Only liberal societies with free markets have been able to bring us to where we are today.

It amazes me that most people don't understand this. But I didn't either for most of my life either so hey it is what it is.

[msc545]

Capitalism caused this poverty. Socialism will help to fix this problem.

[Asker]

It is the exact opposite. Which socialist countries have rise the majority of their population into the middle class?

Not a single one.

Only capitalist countries are capable of bringing its people out of poverty.

Socialism is strictly a post capitalist redistribution of wealth.

Even Marx himself knew this.

[strateguy632]

now we know you are hired by russia to spread their propaganda here, but the facts are known already, soviet and china already tried communism with disaster also venezuala it did not "fix" poverty.

[FreyaRed]

Let the fox guard the chickens

[exitseven]

It probably is. It has worked elsewhere.

[Asker]

It has worked every single time a nation has freed up its markets. Those nations have experiences massive growth in wealth prosperity and raising the majority of their population out of poverty.

[Cubus]

End of corruption

[Asker]

There is a lot of corruption in those countries. But even if it ended, they would not choose to liberalize their economies. They would implement some kind of socialism because they believe capitalism is the evil white devil's tool of control.

So their people would stay poor forever basically.

[Grond21]

Historically yes

[gorydetails]

Yes.

[In_Trance]

Lol no