Capitalism or Corruption
"there is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect. The good economist takes into account both the effect that can be seen and those effects that must be foreseen... Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil".Bastiat
This brings me back to the growing number of radical people that want to change Capitalism and they want to change America, UK & Europe. They want to change what is working in the world.
FACTS
people are living longer
people are living healthier
violence (wars and murders) is falling for 50 years
hunger is not a problem, overeating is the problem
Machines are doing some horrible jobs instead of humans
Leisure time has been growing for 50 years
People have options. You are not destined to keep working in your parents business. you can do whatever you want.
You can travel the world like never before
music is free
whatsup is free
people can retire and do other things instead of working until you die
people that were born poor now are billionaires with internet or bitcoin or whatever
People are at the borders of USA to get IN. People want to live there
No one is at the borders of a Communist country to get IN, people want to get out
So why do people want to change Capitalism?
Because the difference between the top and the bottom is wider than ever and people are jealous
I think equal outcomes should not be an objective at all because people are different, have different desires, willingness to work and drive. So only if we twist reality we can create equality. Equality is not the natural and the normal. If you go to a school class you have smart and not so smart pupils. that is the reality. that is the true.
the difference between to the top and the bottom is growing because there is growth in the world.
SIMPLE. we want growth
rich makes 100
poor makes 10
difference 90
world grows 10%
rich makes 110
Poor makes 11
Difference 99 ahhhhh inequality let's change capitalism
If there is a recession and GDP is cut in half the rich will suffer much more. Is that what we want.
As Ed yardeni a very good economist says there are only 2 systems in the world capitalism or Corruption. I vote for capitalism. sometimes people want disaster and caos. The best option is to live in an Ex communist country, they will never go back while there is memory.
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Caríssimo Chico, there are shades of gray. Absolute equality, probably pointless. But less inequality seems to be desirable. This is not to say "Digo wants communism". Isso é desqualificar a discussão, que é saudável. Tô com saudades do Sr. O Sr abandonou o Rio de Janeiro. Abs DIGO
ReplyDeleteAprova logo, Chico!
ReplyDeleteBrilliant!
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