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During 1998, two global leaders came from the Americas to South Africa. Bill Clinton and Fidel Castro. In their speeches before the South African parliament Cli
by yannis 17y ago
During 1998, two global leaders came from the Americas to South Africa. Bill Clinton and Fidel Castro. In their speeches before the South African parliament Clinton described the global economy as a partnership, whereas according to Fidel Castro “the world, had become an enormous gambling house”.
As a mere observant of the events around me at the time, I considered Clinton’s response bulshiterian and Castro’s response truthy.
Fortunately for all of us Castro’s preferred economic system has proven more unstable than capitalism and totally collapsed, but unfortunately the current prevailing economic system of capitalism has also failed to evolve in the right direction.
Capitalism has still two inherent disadvantages:
(01) It is a highly unstable system
(02) It has a propensity to make the richer richer and the poorer poorer.
My solution? Code happily and wait for the storm to pass :)
- onreact-com 17y agoI agree with you but you make one mistake. The Cuban system is capitalism as well, state capitalism where all capital is accumulated and managed by the state. They might call it communism or socialism to fool the people there but in both systems the means of production belong the people but in Cuba they don't. See: http://en.wikipedia.org/wiki/State_capitalism http://en.wikipedia.org/wiki/State_capitalism The GDR was also called democratic but it never was, so don't get fooled by propaganda labels.
- dgordon 17y ago"(02) It has a propensity to make the richer richer and the poorer poorer." The poor in the first world are richer than the rich were for most of history. The poor in the third world are no poorer than in the past. So no.
- pbhjpbhj 17y agoOr if you're a person in the third world (and assuming everything else about your statement is true, which I have doubts on) - we're still poor and the rich in the developed world are richer. So yes.
- dgordon 17y agoSo the poor haven't gotten poorer after all? If you want, pick a standard of absolute wealth and try to argue that the rest of my statement isn't true.