This post has been edited by objectifyme: Oct 12 2013, 05:37 PM

capitalism = survival of the fittest

the system is quite good actually.........
what matters a lot is being financially educated

Abby, that is communism.

And pretty much every economic system has to be "government oriented". Except for anarchy.

Basically , capitalism is happened throughout the history , in China , in western countries , its basically very related to human nature which is greed.

when war happened , these capitalist basically will be the middle man, they have good bargain power , ie to reduce the foreign currency of certain countries or else they will flee.

therefore, nike and adidas in china could be the stumbling block for china to be a real advance country. I believe one day, capitalist will be monopolies just like banks in the world.

The thing is - we, living mediocre lives, can honestly say that life is good. But what about the people who can't. And I'm talking about the people living in squatters earning close-to-nothing income.

Is capitalism a good system for the wellbeing of everyone or only for ourselves?

If you think it is not a good system, what is another system you think we could live by?

That's the problem, there isn't any viable alternative.

Besides, a system that encourages hardwork due to the idea of survival of the fittest, is very good for long term development.

More 'people friendly' systems like communism does nothing but breed complacency.

There is no perfect system. A balance between the two (or more) extreme is closer to, though not, perfection

Some of the issues you raise here were taken up in a similar thread below.

http://forum.lowyat.net/topic/1414274

capitalism is evil. Freemason uses it to control the world.

u would suggest wat alternative?

Like I said earlier - if you don't agree with the system, what do you think is an alternative we could use?

I guess everyone who works hard to get to the top are evil freemasons then....

To a certain degree, that statement might be deemed true. Money is power, and power makes a man corrupt.

True it maybe, but extremely unfair to extend that to honest ones.

Majority of the gripes against capitalism comes from people who doesn't put in enough effort and then envy those who are successful. Though i wouldn't argue against laws to a certain degree of protectionism but it has to be in a way which inspires progress rather than complacency. Obvious examples of how such protectionism done terribly wrong is Malaysia's own NEP and Proton protection.


Heck, all of these are also capitalist systems. So there really isn't any viable alternative.

A lot of ppl also dun need to work hard to become rich....

buy big houses, big cars, and wasting tax payers money...

True. What about the people who are living in poverty, then? Those who can't work hard because there simply isn't any work for them to do? Is capitalism a fair system for them?

Why can't they find something to do in the first place?

Just become a coolie at first, and then slowly progress.

It is still possible for beggars to pick themselves up and start working.

There was once a story of a Chinese man who is nothing but a coolie. He spent his free time learning and asking various of people about computers, and today he's a opening up his own computer business. The other coolies he's working with? All complaining about how unfair their lives are, while this particular Chinese man worked his way up.

This post has been edited by Deadlocks: Jul 8 2010, 02:43 PM

An interesting article on capitalism. It's long, but worth the read.

http://www.joebageant.com/joe/2010/07/waltzing.html

Before we ask about how serious are they in poverty, we must first ask, how did they get to that stage?

It is all about mentality.
- Right effort, as pointed out by Deadlocks is so crucial

Have no pity on those who got to that stage self inflicted, gambling etc.

Seems harsh but education and family planning is the core of the problem.

I am utterly disgusted with those pathetic people who have huge families ie. 5 to 6 children, then come crying and begging on national TV. Complaining how harsh life is.

If you can't support yourself, what makes you think you can support more than 1 child, giving them proper education etc. In the end you are just creating more people who will struggle.

Education is the strongest pillar you can build, forsake that at your own risk.

How are they wasting tax-payer's money? if you buy a big house and car with your salary, can I say you're wasting your client's money? or your company's money?