--- In FairfieldLife@yahoogroups.com, Bhairitu <noozg...@...> wrote: > > nablusoss1008 wrote: > > --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@> wrote: > > but > > > > > >> Did I mention > >> lately how much I hate capitalism? > >> > The diversity of opinion in the world is a wonderous thing. And that one would be in favor of sustained world poverty is an intriguing view.
If you actually mean that you hate: - facade democracies that allow corrupt, crony elitists to rape and pillage the economy - many instances of inappropriately regulated markets, often the result of the above, -current schemes of regulation that are often corrupt and a tool of neo-robber barons, - global corporations allowed to become too big to fail and have the world economy by the balls, - bailout of global corporate behemoths by the US because their war room rape and pillage headquarters are in new york, - the american dream of equal opportunity is a travesty as education receives lower and lower priority - that all corporations and citizens should be responsible for the costs they cause and incur on society -- pollution is a good example. then we are brothers in arms at the barricades -- in staunch disgust and rebellion at current political and economic structures However, if you are dismissing or deriding the transformative power of appropriately regulated markets (and we have a long way to go to reach optimum regulatory levels and structures), entrepreneurship and innovation to lift billions out of poverty (still a long way to go) then we do differ. Yannus, founder of Grameen Bank -- the first micro-finance bank for the poor, and Nobel prize winner, is an enthusiastic advocate of markets, capitalizing the poor, and the failure of government programs, to raise the world out of poverty. I tend to agree with him from what I have seen. And if you are arguing that command and control top down allocation of capital is more efficient than appropriately regulated markets to allocate capital to innovative and fast growing, game changing technologies and services, then we also disagree.
