Income inequality is bad for nearly everything! - Page 4




 
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Boots
 
June 3rd, 2012  
George
 
Quote:
Originally Posted by perseus
This has become as much an an outdated view as Communism. What is best for the individual isn't always best for society as we has seen with various financial scandals. However what is less commonly appreciated is that selfishness isn't even best for the individual in the long run. For example what if a fisherman decides to catch more than his quota, and then another and another, what happens?

Evidence suggests it is the co-operation of individuals into groups such as businesses, and the regulation of those groups which generate the most prosperous societies. Moreover, fledgling businesses require a lack of competition in the early stages to allow them to mature. Only once they are mature can they compete effectively in the global economy. This is what really happened in South-Korea for example. In contrast your individualistic competitive approach has been forced down Africas throat with disastrous consequences, for them at least.
In the case of the fisherman exceeding his quota, it no different than anyone else breaking laws, wern't discussing getting ahead by breaking the Law. what most Africans have had forced down their throats is Socialism (or simular Govt controll) & Kleptocratic rule & general govt incompetance.
June 3rd, 2012  
VDKMS
 
Quote:
Originally Posted by perseus
The most literal form of capitalism was when human labour was sold in terms of slaves and children in the 18th and 19th centuries (and still today in a few countries) so we have progressed by legislating against raw capitalism.

The rich countries only approve the parts of free trade which suits them. Why do we restrict the movement of Labour more than goods? This restricts access to higher wages for the poor of developing countries and keeps wages higher for those who are already admitted into rich countries.

I'm not saying we should necessarily allow more immigration, only that we are hypocritical. Right wingers in particular suddenly fall in love with state control and throw away the principles of free trade when it suits them!
Capitalism is a good thing, but like all things it must be contained. Slave labor has more to do with lack of regulations and control. I'm against any form without rule of law.

For Arabs, catching and selling Africans was business. The same for the Dutch shipping them to America and the Americans buying them. For those Africans it was the worst nightmare.

Today workers can be powerless (exploit) but also be very powerfull (union).

Today a lot of people are angry at the very high wages and/or bonuses and point a finger at the ones who make more money.
If they don't get a loan it's the banks fault. If they get a loan and cannot pay it back, it's the banks fault.
People complain to much for things they started themselves in the first place. Factories survive by offering things the customer wants. And they want it now and cheap. To survive the company relocates to a low wage country, which in turn means more unemployed in the original country. Those unemployed start to complain....

Are you willing to give up your job so someone else in another country can live a better life?

I believe more in creating opportunities for everyone than upgrading social welfare. But that's up to the politicians.
June 3rd, 2012  
senojekips
 
 
Quote:
Originally Posted by George
In the case of the fisherman exceeding his quota, it no different than anyone else breaking laws, wern't discussing getting ahead by breaking the Law. what most Africans have had forced down their throats is Socialism (or simular Govt controll) & Kleptocratic rule & general govt incompetance.
The real problem in most 3rd World countries is not Communism, it's endemic corruption, they wouldn't be any different under a Capitalist system except perhaps the majority of the corruption would be somewhat higher up the food chain.
--
Boots
June 3rd, 2012  
Yossarian
 
 
Quote:
Originally Posted by senojekips
The real problem in most 3rd World countries is not Communism, it's endemic corruption, they wouldn't be any different under a Capitalist system except perhaps the majority of the corruption would be somewhat higher up the food chain.

Corruption can poison any system of administration, whether it's a churh or a national goverment.

Some truths bleed through multiple fabrics.
June 4th, 2012  
perseus
 
 
Quote:
Originally Posted by senojekips
The real problem in most 3rd World countries is not Communism, it's endemic corruption, they wouldn't be any different under a Capitalist system except perhaps the majority of the corruption would be somewhat higher up the food chain.
I'm not sure why so many people believe that many African countries are communist or even socialist. The World bank and IMF forced market reforms on these countries as a condition of loans which has made them highly capitalist. All it did was to fuel further corruption as you say. In fact African growth slowed after that happened. These market reforms were a greater failure than the controlled economies which went before them.
June 4th, 2012  
LeEnfield
 
 
Personally I blame a lot of this on religon......Before the reformation the church would dictate who would be taught and who would not be taught and that every thing should be run and controlled by the church. The church believed that education was a bad thing for the masses, and when the the control of the Church in England was swept aside the country boomed along with its colonies. Now if you look at the countries where religion still has a controlling interest then you will often find a backward country. Just look around at the countries that are most sought after by people that are looking for a better life and you will find that they are nearly all English speaking, then look at the levels of religion of the countries that the immigrants are coming from and it should tell you the answers.
 


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