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Old 05-14-2018, 10:39 AM
 
9,093 posts, read 3,706,315 times
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Quote:
Originally Posted by Cloudy Dayz View Post
With all due respect, I think I know far better what the definition of socialism is, then you do. Socialism has been about eliminated gross inequalities in wealth since the very beginning. Socialism - Wikipedia
and where was that about spreading things evenly?

you can be "uneven" and still do those things

people in the US fail to recognize that even if someone else has more than them, that doesn't mean they are doing bad themselves... stop comparing junk sizes with each other and envy isn't an issue
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Old 05-14-2018, 12:53 PM
 
Location: (six-cent-dix-sept)
3,972 posts, read 1,940,197 times
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Quote:
Originally Posted by HappyRider View Post
The 1% who "grabbed" 82% of all wealth created are probably the same people who are paying 82% of all the money spent on the poor. You like to see what a country looks like without the one percent, look at Kenya. Happy there?
whats wrong with kenya. it seems to be one of the wealthier former european colonies in africa and the masai tribe has avoided european rule for thousands of years and are still flourishing.
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Old 05-14-2018, 12:59 PM
 
Location: (six-cent-dix-sept)
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Quote:
Originally Posted by ncguy50 View Post
If you think capitalism is greed and that wealth redistribution is morally sound, I have a bridge in Venezuela you might be interested in.

Egalitarianism is slavery wrapped in the seductive promise of a Utopian society that is always 15 to 20 years down the road.

You know, in Venezuela, the army is deserting, the population is eating the zoo animals, and life is generally miserable for all but friends of Chavez/Maduro. And some of those lucky socialists have moved to Florida and bought big, walled houses. Suffering is for others. The little people.

You have to have some good scratch to buy those kinds of properties. How do you think they got so rich in a country where capitalist enterprises are nationalized for the benefit of "all"?
my cousin married a venezuelan. their fuel is like 50¢ a gallon. venezuela seems fairly self-sufficient and mostly middle-class ?
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Old 05-14-2018, 01:02 PM
 
Location: (six-cent-dix-sept)
3,972 posts, read 1,940,197 times
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Quote:
Originally Posted by Cloudy Dayz View Post
Communism has failed. Socialism is alive and well and working wonders in many countries. For example: China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand, and Belgium.

We are seeing capitalism fail, just as communism did. It's not a matter of everyone having the same piece of the pie. It's that the 1% will soon have the entire pie. It's pretty hard to have a successful political system where 1% prosper, and 99% suffer.
seems you are mixing signals. communism (not to be confused with socialism) is a form of government; capitalism (not to be confused with republic or democracy) is a social ideology.
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Old 05-14-2018, 02:35 PM
 
Location: Oregon Coast
4,031 posts, read 1,474,534 times
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Quote:
Originally Posted by dollar psf View Post
The fact you group China in with the rest of those countries means you really have no clue what you're talking about.

Also, all those European countries + AZ are actually all based on capitalist free market economies.
I didn't group them. Those are the top 10 socialist countries.
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Old 05-14-2018, 02:45 PM
 
Location: Honolulu, HI
4,592 posts, read 1,145,353 times
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Quote:
Originally Posted by Cloudy Dayz View Post
Communism has failed. Socialism is alive and well and working wonders in many countries. For example: China, Denmark, Finland, Netherlands, Canada, Sweden, Norway, Ireland, New Zealand, and Belgium.
That's not socialism.

Quote:
Originally Posted by Thatsright19 View Post

And people apparently seem to think the rich just horde this money in a bunker. It’s all capital being put to use around the world.
Bingo. Banks take that money and use it to loan out to others for mortgages, cars, investments, businesses etc. and further contribute to the economy.

The rich don't have millions just laying around in their mattress being devalued by deflation.
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Old 05-14-2018, 02:57 PM
 
Location: Oregon Coast
4,031 posts, read 1,474,534 times
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Quote:
Originally Posted by stanley-88888888 View Post
seems you are mixing signals. communism (not to be confused with socialism) is a form of government; capitalism (not to be confused with republic or democracy) is a social ideology.
I'm not confused, but I will take China off the list. Since it's controlled by the Communist Party. So I agree that it should be classified as communist. But they are still the #2 economy. So they are doing something right. Which means that even communism is not dead. By 2030 China will be the #1 economy in the world. So even communism will eventually beat capitalism. What does that say about the future of capitalism?
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Old 05-14-2018, 03:20 PM
 
Location: Sector 001
7,131 posts, read 5,950,516 times
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Quote:
Originally Posted by Mr. Joshua View Post
The "1%" is not a group of people, it's an income level.

Stop with the stupid politics of envy!
I purposely left out my opinion to encourage debate and discussion. This concentration of wealth is almost a law of nature, and can be applied to many aspects of nature outside of economics. There is nothing good or bad about it, it merely is. Though the system we have is not perfect, I'd be hard pressed to say that there's a better way, at least until we have the technology to automate our jobs, provide free food and energy, etc. I'm pleased to see some good discussion come of the article.
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Old 05-14-2018, 04:09 PM
 
Location: NY in body, Mayberry in spirit.
2,553 posts, read 1,626,991 times
Reputation: 5820
Quote:
Originally Posted by stockwiz View Post
World's richest 1% grabbed 82% of all wealth created in 2017, Oxfam study finds

More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
Guess the bottom 50% needs to work harder and get better educated.
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Old 05-14-2018, 04:45 PM
 
Location: Oregon Coast
4,031 posts, read 1,474,534 times
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Quote:
Originally Posted by dollar psf View Post
According to whom?
Google.
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