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Economics Capitalism, For it / against it?

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TSobjectifyme
post Jul 1 2010, 12:05 AM, updated 13y ago

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This post has been edited by objectifyme: Oct 12 2013, 05:37 PM
TSobjectifyme
post Jul 1 2010, 01:15 PM

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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?
TSobjectifyme
post Jul 6 2010, 11:57 PM

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Like I said earlier - if you don't agree with the system, what do you think is an alternative we could use? smile.gif
TSobjectifyme
post Jul 7 2010, 05:34 AM

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QUOTE(befitozi @ Jul 7 2010, 12:53 AM)
I guess everyone who works hard to get to the top are evil freemasons then.... whistling.gif
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To a certain degree, that statement might be deemed true. Money is power, and power makes a man corrupt. wink.gif
TSobjectifyme
post Jul 8 2010, 01:54 PM

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QUOTE(befitozi @ Jul 7 2010, 05:57 AM)
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.
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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?
TSobjectifyme
post Aug 28 2010, 01:51 PM

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QUOTE(The Envoy @ Aug 27 2010, 09:28 PM)
The best govt-eco system, in my opinion, would be socialism whereby:
- Government provides basic needs - free healthcare, free housing for people who cannot afford it, and free or heavily subsidized education up to secondary school or if possible basic degree level.
- After that, the quality of life is all up to capitalism
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Yeah, that could work out. I think the government is already providing such services, no? Just that they aren't very effective.
TSobjectifyme
post Aug 28 2010, 07:07 PM

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QUOTE(Darkripper @ Aug 28 2010, 06:34 PM)
Education is nearly free already.... you dont even need to pay a cent to go to school except for those school fees that is not charged by the government..

For healthcare... there are already much subsidy .. Just you need to Q for a loooong time..

If free healthcare for everyone... where our government gonna take money from? they already siphon Billions of ringgit out of the country =D
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From the crazy amounts of toll fees that we have to pay per day and government tax on everything? tongue.gif

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