Re:Dude, You Broke the Future [video]
by fabianhjr on Saturday December 30, 2017 @01:52PM
(#16036726)
> Capitalism is actually currently ending the world hunger
There are a ton of efforts, both from state-actors[1], NGOs[2] and individuals, seeking to eradicate extreme poverty worldwide. It is not apparent that it is "fixing itself with capitalism" or that any of the previous actors think it is going to happen.
> trickle-down effects actually exist
Citation Needed because trickle-down economics has been shown to increase inequality and not increase the quality of life for those in poverty.
> Yes, capitalism needs regulation, but it is a lie to say that the entire approach is doomed to be a race to the bottom.
There are a ton of efforts, both from state-actors[1], NGOs[2] and individuals, seeking to eradicate extreme poverty worldwide. It is not apparent that it is "fixing itself with capitalism" or that any of the previous actors think it is going to happen.
> trickle-down effects actually exist
Citation Needed because trickle-down economics has been shown to increase inequality and not increase the quality of life for those in poverty.
> Yes, capitalism needs regulation, but it is a lie to say that the entire approach is doomed to be a race to the bottom.
Why is it a lie?
[1]: http://www.oecd-ilibrary.org/development/data/oecd-internati...
[2]: https://data.oecd.org/drf/grants-by-private-agencies-and-ngo...