Re:The racist double standards of international development
by jahaja on Tuesday July 14, 2020 @05:29PM
(#23838167)
You rarely see people on the bottom of the ladder argue that inequality isn't that important. Prosperity doesn't say anything about how the resources are shared, so yes, 1890ths England was surely one of the most prosperous countries of the time, but at the same time children lived in Oliver Twist like misery.
The problem is that it's becoming increasingly clear that Capitalism fails miserably at redistributing resources fairly.
Re:The racist double standards of international development
by xupybd on Tuesday July 14, 2020 @06:12PM
(#23838657)
Capitalism doesn't aim to redistribute resources fairly. It aims to allocate them effectively. Those that find efficient means of production acquire more resources. This cause more effective use of resources available and thus more resources become available for everyone.
Yes pure capitalism fails some people and a mix of small amounts of socialism help those in need. But prosperity does far more to help the poor than equality. Extreme inequality is bad
Re:The racist double standards of international development
by jahaja on Tuesday July 14, 2020 @06:32PM
(#23838876)
You're just parroting free market propaganda and still have the stomach to dismiss the author as an ideolog.
Re:The racist double standards of international development
by xupybd on Tuesday July 14, 2020 @06:57PM
(#23839115)
Ok so do you have a better system than capitalism?
I'm saying that absolute wealth is more important than equality. Do you have a counter to that or a system that can promote prosperity and more even wealth distribution?
I'd argue it's not. I'd argue prosperity is. That is to say if the poor get far richer than they were and that keeps happening I don't care if the rich get richer faster. Especially if true class mobility is present in the system. That way the poor are trading places with the rich.