Is it better to be poor in a rich country or.....

Monday, April 08, 2019 Francisco 0 Comments

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The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

Sir Winston Churchill (1874 - 1965)

The problem is that capitalists typically don’t know how to divide the pie well and socialists typically don’t know how to grow it well.

Ray Dalio

i think it's clear better for a poor to live in a rich and growing economy than on a shrinking economy. He might feel bad to see other people much better but in a rich country they can move up, they can start a new business and exit their situation. The worst thing is to be down and be unable to change to progress to improve.

I am deeply satisfied to see that some on my college colleagues that set up their own business started with much less than the people that got a job but now their are almost all in the top 1% in Portugal. If i choose to set up my own business for sure i would have the same results. Well i am doing it now with 52 years of age after a 30 year job in one of the best places to work in Portugal. Now it's my time to do it. I am working like crazy it doesn't feel like working.