Where you at? UN: World's richest 2% own half global wealth

[RiseandShine]

Re: Where you at? UN: World's richest 2% own half global wealth

Did I say I was against it? you guys need to mellow down a little bit here
Capitalism is great and probably the most successful thing out there - but it needs to be mixed down with local ways of behaving - I don't believe in the 200% capitalist model - I know you do

[rubyraks]

Re: Where you at? UN: World's richest 2% own half global wealth

No one's denying the benefits of capitalism...it's just a little difficult to get corrupt self-serving governments to implement it when all they want is personal wealth and don't give a shit about the people who live in those countries.

[runningman]

Re: Where you at? UN: World's richest 2% own half global wealth

to bad 98% of the world doesn't come together to take the money from the 2%.

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

to bad 98% of the world doesn't come together to take the money from the 2%.

Bring it on.

[DIDI]

Re: Where you at? UN: World's richest 2% own half global wealth

What is the true definition of capitalism? To me it means the freedom to work both hard and smart and to benefit financially from that, and to use that benefit as we see fit. That's a good thing. I think the problem is that capitalism has come to mean that cheating, lying [sorry, misrepresentation!] using others less smart then ourselves, are all acceptable ways to gain financial benefit.

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

What is the true definition of capitalism? To me it means the freedom to work both hard and smart and to benefit financially from that, and to use that benefit as we see fit. That's a good thing. I think the problem is that capitalism has come to mean that cheating, lying [sorry, misrepresentation!] using others less smart then ourselves, are all acceptable ways to gain financial benefit.

The basic answer is this:

Capitalism is a form of economy where private individuals own businesses. It is the opposite of Communism, which is where the government owns all businesses. Socialism is a hybrid of Capitalism & Communism, where some businesses are owned by the government and some remain privately owned.

The most notable aspect of capitalism is that it allows free-market forces to operate.... which generates competitive situations in the economy. Businesses vie for market share, and this pushes improvements in productivity. Wealth distribution is dictated by one's ability to compete within the system. Those who create and manage successful businesses are rewarded. Businesses that cannot compete will falter.

[FM]

Re: Where you at? UN: World's richest 2% own half global wealth

If the wealth happened to be redistributed/taken and everyone got their fair share, it would eventually end up right back where it started.

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

If the wealth happened to be redistributed/taken and everyone got their fair share, it would eventually end up right back where it started.

History has proven time and again that communism does not work. Name a single instance where communism has been applied, and the public has benefitted.

[DIDI]

Re: Where you at? UN: World's richest 2% own half global wealth

^^^ Communism is the perfect theory and as long as people are people it will never ever work

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

^^^ Communism is the perfect theory and as long as people are people it will never ever work

The reason communism never works in real life is because there is no competition. Competition in a free-market economy pushes us to improve. We work hard because we believe that it will earn us more money. If everyone works and gets the same amount of payment from the government, then what incentive is there to work harder than the next guy? It basically comes down to an extension of our survival instincts. Self-preservation is a basic instinct for humans. While we are capable of caring for the good of the whole society, at the most basic level we all care primarily about ourselves. Capitalism is the economic model which most closely parallels this.

The only place on Earth where communism works is with social insects such as ants and bees. In a bee colony, each bee has it's role and works for the benefit of the hive. If threatened, the bees attack and fight to the death to preserve the colony. Self preservation is an alien concept to bees. It is because of this that the colony survives longer than any of it's inhabitants.

So.... unless you can find a group of humans with bee DNA spliced into their own, you will never see a successful communist system.

[dopla]

Re: Where you at? UN: World's richest 2% own half global wealth

to bad 98% of the world doesn't come together to take the money from the 2%.

i bet they would if they could.. look at the U.N its all about everyone ganging up on the west

[subterFUSE]

Re: Where you at? UN: World's richest 2% own half global wealth

i bet they would if they could.. look at the U.N its all about everyone ganging up on the west

The UN should be disbanded. It is a completely ineffective entity, mired in corruption, and beyond salvation.

Disband it. Then.... rebuild it anew if the world sees a need for it. But, at this point, it is too far gone to waste energy with it. Not in it's current state.

[Lorn]

Re: Where you at? UN: World's richest 2% own half global wealth

^Agree with you on that one. I predict it will be gone in the next 15 years.

[Miroslav]

Re: Where you at? UN: World's richest 2% own half global wealth

i was born in a bad neighborhood in queens NY, lived in a ghetto until i was 5, my parents were poor. my father grew up poor in brooklyn, my mother was one of 8 living in a 3 bedroom house in ireland. dont tell me about being born into a situation. my father stayed in college after i was born, earned a degree, got an apartment in a decent Long island area, and worked his ass off to put himself where he is. he didnt give me a penny, i pay my own college loans, bills, always have. when i want something, i work overtime. again, no pity here, NY has its fair share of poor places, im from one of them.

I don't mean to trivialize experiences you've had to overcome. Everyone has had to face challenges in their lives. I was referring to people who happened to be born into areas of the world that don't even have essential nutrition for survival, let alone an infrastructure that enables them to get ahead through work hard.

[thesightless]

Re: Where you at? UN: World's richest 2% own half global wealth

I don't mean to trivialize experiences you've had to overcome. Everyone has had to face challenges in their lives. I was referring to people who happened to be born into areas of the world that don't even have essential nutrition for survival, let alone an infrastructure that enables them to get ahead through work hard.

thats the funny thing... the same people who cry and scream about the poor and unfortunate, are the same damn morons who scream and cry when a country goes to war to remove the corrupt government. wait until the world gets into it in darfur and somalia(again).