9 ms·

Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country,

Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country, it starts taking care of the others :)

CameronNemo 4y ago
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- robin_reala 4y ago
  I’m no great defender of capitalism, but feudalism did a great job at that a long time before capitalism.
  - mr_toad 4y ago
    Or any system where owners of property could extract profit by employing non-owners of property. Much of the strife in the later Roman Empire was caused by large property owners exploiting slaves and depriving non land owners (including many legionaries) of a chance of making an income. Said legionaries and other plebeians supported politicians with a policy of land reforms. Not to mention the poverty of the slaves themselves.
  - deleted 4y ago
    [deleted]
- DowsingSpoon 4y ago
  It’s well documented that there were no poor people at all prior to the publishing of The Wealth of Nations in 1776. /s
- hbn 4y ago
  Similar to how modern medicine made 40 an early age to die
- krrrh 4y ago
  It's hard for me to understand how someone can hold this view, and it's hard to know where to start, but no. As capitalism has expanded it has dramatically reduced absolute poverty. It's not even close, and the change only got more dramatic when communism collapsed as an alternative. https://ourworldindata.org/uploads/2013/05/World-Poverty-Since-1820-750x535.png https://ourworldindata.org/uploads/2013/05/World-Poverty-Sin...
  - deleted 4y ago
    [deleted]
- extragood 4y ago
  There's an interesting argument in 'Sapiens: A Brief History of Humankind' [1] that capitalism is primarily responsible for the Enlightenment period in Europe. By the same token it may also be associated with some of the worst aspects of (relatively) recent history, such as colonialism and the slave trade. [1] https://www.goodreads.com/book/show/23692271-sapiens https://www.goodreads.com/book/show/23692271-sapiens
  - deleted 4y ago
    [deleted]
adolph 4y ago
Is it ironic that the capitalistic poverty lift solidified the CCP?
LtWorf 4y ago
Capitalism with a strong central government that regulates it tightly you mean.
- deleted 4y ago
  [deleted]
wbsss4412 4y ago
The China duality: It seems that China is a capitalist country when people want to discuss their achievements, and a communist country when they want to discuss their faults.
- relativ575 4y ago
  They are capitalism since private sector is allowed and encouraged. They are an authoritarian country as there is no democracy and there can be a single political party. Why is that so difficult to understand? They call their country communist because they can't afford to undermine the legacy of the communist party by admitting that they made huge mistakes in the past.
  - wbsss4412 4y ago
    China is dominated by state owned enterprises and many of the private investment is in joint ventures with local governmental authorities. People like to gloss over the more complex reality that is Chinas actual economic structure when it benefits their personal ideological agenda.
- alphabetting 4y ago
  A ton of the achievement has to do with Western investments. For example, Apple spent $275 billion in the late 2010s to build up Chinese tech manufacturing capabilities. That's one company doing a 5X larger investment than the "historic" CHIPs bill signed by Biden this year.
  - wbsss4412 4y ago
    Western FDI has definitely played a major role in China’s growth, yes. Note that my comment doesn’t call that into question though, only that the conversation around chinas success is almost always grossly oversimplified to suit ideological agendas.
  - senttoschool 4y ago
    >A ton of the achievement has to do with Western investments. To be fair, a fairly big reason why China became poor was because of western imperialism. Look up "Century of humiliation". And if you go back in history far enough, China was the most advanced country and had the highest GDP in the world for long periods of time. But I think you're not open to these ideas.
mattigames 4y ago
Did it eradicated poverty in Burundi? South Sudan? Malawi? Pakistan? I can cherry pick examples too; means nothing, and what about the tankman? Was he lifted out of poverty? Or all the other victims of the goverment? Also China capitalism includes things like stealing tech secrets from the companies that manufacture there[0], is that part of the "ideal capitalism" you advocate for? [0] https://money.cnn.com/2017/08/14/news/economy/trump-china-trade-intellectual-property/index.html https://money.cnn.com/2017/08/14/news/economy/trump-china-tr...
- senttoschool 4y ago
  >Also China capitalism includes things like stealing tech secrets from the companies that manufacture there[0], is that part of the "ideal capitalism" you advocate for? Sure, China has copied/stole tech from the West, just as the West has copied tech from China long ago. It happens when an economy is playing catchup. But in my humble opinion, the idea that China could only steal western tech is rooted in racism and a lot of western media propaganda. Ever had a Chinese co-worker? Did they seem dumber than you? Are they only good at the job because they're copying you or stealing your work?
  - mattigames 4y ago
    Good old "if you critize a government it means you are racist against people in that country". No, that's not how it works, government positions -specially at autocracies- attract a rare kind of people, extremly greedy and ruthless, not representative of the rest. Also if the government orders you to steal secrets from your clients to follow such orders it's just basic survival instinct.
dietmtnview 4y ago
> Capitalism is one of the biggest eradicators of poverty. wat https://www.youtube.com/watch?v=Co4FES0ehyI https://www.youtube.com/watch?v=Co4FES0ehyI

Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country, it starts taking care of the others :)

CameronNemo 4y ago

robin_reala 4y ago
I’m no great defender of capitalism, but feudalism did a great job at that a long time before capitalism.
- mr_toad 4y ago
  Or any system where owners of property could extract profit by employing non-owners of property. Much of the strife in the later Roman Empire was caused by large property owners exploiting slaves and depriving non land owners (including many legionaries) of a chance of making an income. Said legionaries and other plebeians supported politicians with a policy of land reforms. Not to mention the poverty of the slaves themselves.
- deleted 4y ago
  [deleted]
DowsingSpoon 4y ago
It’s well documented that there were no poor people at all prior to the publishing of The Wealth of Nations in 1776. /s
hbn 4y ago
Similar to how modern medicine made 40 an early age to die
krrrh 4y ago
It's hard for me to understand how someone can hold this view, and it's hard to know where to start, but no. As capitalism has expanded it has dramatically reduced absolute poverty. It's not even close, and the change only got more dramatic when communism collapsed as an alternative. https://ourworldindata.org/uploads/2013/05/World-Poverty-Since-1820-750x535.png https://ourworldindata.org/uploads/2013/05/World-Poverty-Sin...
- deleted 4y ago
  [deleted]
extragood 4y ago
There's an interesting argument in 'Sapiens: A Brief History of Humankind' [1] that capitalism is primarily responsible for the Enlightenment period in Europe. By the same token it may also be associated with some of the worst aspects of (relatively) recent history, such as colonialism and the slave trade. [1] https://www.goodreads.com/book/show/23692271-sapiens https://www.goodreads.com/book/show/23692271-sapiens
- deleted 4y ago
  [deleted]

adolph 4y ago

Is it ironic that the capitalistic poverty lift solidified the CCP?

LtWorf 4y ago

Capitalism with a strong central government that regulates it tightly you mean.

deleted 4y ago
[deleted]

wbsss4412 4y ago

The China duality: It seems that China is a capitalist country when people want to discuss their achievements, and a communist country when they want to discuss their faults.

relativ575 4y ago
They are capitalism since private sector is allowed and encouraged. They are an authoritarian country as there is no democracy and there can be a single political party. Why is that so difficult to understand? They call their country communist because they can't afford to undermine the legacy of the communist party by admitting that they made huge mistakes in the past.
- wbsss4412 4y ago
  China is dominated by state owned enterprises and many of the private investment is in joint ventures with local governmental authorities. People like to gloss over the more complex reality that is Chinas actual economic structure when it benefits their personal ideological agenda.
alphabetting 4y ago
A ton of the achievement has to do with Western investments. For example, Apple spent $275 billion in the late 2010s to build up Chinese tech manufacturing capabilities. That's one company doing a 5X larger investment than the "historic" CHIPs bill signed by Biden this year.
- wbsss4412 4y ago
  Western FDI has definitely played a major role in China’s growth, yes. Note that my comment doesn’t call that into question though, only that the conversation around chinas success is almost always grossly oversimplified to suit ideological agendas.
- senttoschool 4y ago
  >A ton of the achievement has to do with Western investments. To be fair, a fairly big reason why China became poor was because of western imperialism. Look up "Century of humiliation". And if you go back in history far enough, China was the most advanced country and had the highest GDP in the world for long periods of time. But I think you're not open to these ideas.

mattigames 4y ago

Did it eradicated poverty in Burundi? South Sudan? Malawi? Pakistan? I can cherry pick examples too; means nothing, and what about the tankman? Was he lifted out of poverty? Or all the other victims of the goverment? Also China capitalism includes things like stealing tech secrets from the companies that manufacture there[0], is that part of the "ideal capitalism" you advocate for? [0] https://money.cnn.com/2017/08/14/news/economy/trump-china-trade-intellectual-property/index.html https://money.cnn.com/2017/08/14/news/economy/trump-china-tr...

senttoschool 4y ago
>Also China capitalism includes things like stealing tech secrets from the companies that manufacture there[0], is that part of the "ideal capitalism" you advocate for? Sure, China has copied/stole tech from the West, just as the West has copied tech from China long ago. It happens when an economy is playing catchup. But in my humble opinion, the idea that China could only steal western tech is rooted in racism and a lot of western media propaganda. Ever had a Chinese co-worker? Did they seem dumber than you? Are they only good at the job because they're copying you or stealing your work?
- mattigames 4y ago
  Good old "if you critize a government it means you are racist against people in that country". No, that's not how it works, government positions -specially at autocracies- attract a rare kind of people, extremly greedy and ruthless, not representative of the rest. Also if the government orders you to steal secrets from your clients to follow such orders it's just basic survival instinct.

dietmtnview 4y ago

> Capitalism is one of the biggest eradicators of poverty. wat https://www.youtube.com/watch?v=Co4FES0ehyI https://www.youtube.com/watch?v=Co4FES0ehyI