Which economic system is more beneficial for humanity ?
Only capitalism led to the industrial revolution that has raised most of humanity out of the dollar a day / bare subsistence level that defined humanity for all of its history, the rare kings and nobles excepted.
Only capitalism is bringing power, telephone services, mobile banking and other opportunities to the bottom billions that can lift them to a higher standard of living. Even Bono has changed from calling for charity to harnessing business to deliver what people want and need, per a recent TED talk.
Dumping free things in communities displaces local producers, making them dependent on charity, while charity doesn't provide the continuous flow of goods and services people need. Like the free shoe charities that drop off what Westerners make but not what locals want, and it isn't a reliable source at that, but it does put the local shoemaker out of business. Or food aid from the West that floods local markets, instead of buying food from surrounding areas and trucking it in, so local farmers go out of business and become dependent on charity themselves.
by YvetteParker5 years ago
Without choosing both, which do you feel is more beneficial for triumphing over adversity?Mental ability or physical ability
by A Thousand Words4 years ago
There's no one to step on/take advantage of anymore?Capitalism is defined as:- free-market system: an economic system based on the private ownership of the means of production and distribution of goods, characterized by...
by Earl S. Wynn6 years ago
What is the ideal economic system? Communism, socialism, capitalism, etc?Conversely, have these systems been proven to be failures? Is there a better system?
by Grace Marguerite Williams2 years ago
Which IS a better economic system: capitalism or socialism? Why? Why not?
by Quilligrapher6 years ago
Presidential hopeful Ron Paul, with a net worth reported between 2-1/4 and 5 million dollars, has announced a new plan that will make it more difficult for poor Americans to escape from under the yoke of poverty. In...
by ngureco8 years ago
Why Is It A Goat's Milk Is More Beneficial To Health Than Cow’s Milk?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.