Want to end poverty? Promote capitalism, not socialism

[Chris]

On economic views, capitalism always beats socialism.

Want to end poverty? Promote capitalism, not socialism

“ Can’t #endpoverty without ending capitalism,” claimed a recent post on Teen Vogue, an online-only media organ that's part of an empire estimated to generate hundreds of millions of dollars in revenue each year.

Ironically, Teen Vogue is owned by Conde Nast, a company that wouldn’t exist were it not for capitalism. That should shed some light on the credibility of Teen Vogue’s claim. The reality is, all attempts to indoctrinate the youth with failed ideologies aside, that we need more capitalism and less socialism to end poverty.

Capitalism is an economic system based on the idea of the free market. Instead of using central planners and compulsion, a free-market economy harnesses the natural incentives of millions and billions of individuals to pursue their own self-interest, and from these forces it produces widespread prosperity.

...Smith’s philosophy of enlightened self-interest may sound selfish, but it’s not: Although the average Teen Vogue employee gets what he or she wants, namely money to spend on desires and necessities, the employee is also providing a service to Teen Vogue. Conde Nast gets what it wants, an online platform with controversial clickbait articles, and it provides an outlet for employees to have their work published and for companies to advertise their products. The various companies paying Teen Vogue advertising money get exposure to potential consumers.

...Socialism is enforced by government and the threat of violence. It is a win-lose proposition and a zero-sum game. Under socialist regimes, the government uses the force of the state to take from some and gives to others. Capitalism, on the other hand, creates a win-win scenario. In any given transaction in a free market, every person involved believes they benefited, and they’re all correct, or else the transaction would not happen.

Teen Vogue’s preposterous promotion of socialism is even more hypocritical than that, though. It's not just that these calls for more socialism are being made by entities that couldn't exist without capitalism, but the free-market principles they are demonizing comprise history's only proven way to end poverty....

[Common]

Socialism makes everyone poor and slaves to govt

[Helena]

There's no eradicating poverty. It can only be alleviated.

[Lummy]

By definition, you can't have rich without having poor because there is nothing to measure against and so neither can be defined.

Both alms and communism are inventions to alleviate poverty. The latter cannot work, and the proof is that every communist society on the planet has rich. China's are among the wealthiest on earth.

[Helena]

Christians, at least should know that poverty isn't going anywhere.

[Chris]

Here's the thing, poverty is man's natural state. People who prosper don't push people into poverty, in fact they pull others out of it:

[Green Arrow]

Where has capitalism ever ended poverty?

[Chris]

Where has capitalism ever ended poverty?

While socialism--even as you recently explained it--is win-lose, capitalism is win-win. While a simple explaination will point out that under free-market capitalism, two parties voluntarily exchange what they value less fr what they value more, that basic principle can be applied to the entire market, as Leonord Read did in "I, Pencil." Here's Milton Friedman with a short explanation:




I see though that you're playng word games about end and missing the point.

[Green Arrow]

While socialism--even as you recently explained it--is win-lose, capitalism is win-win. While a simple explaination will point out that under free-market capitalism, two parties voluntarily exchange what they value less fr what they value more, that basic principle can be applied to the entire market, as Leonord Read did in "I, Pencil." Here's Milton Friedman with a short explanation:




I see though that you're playng word games about end and missing the point.

I apologize, I was attempting to carry out a discussion. I did not realize you were only looking for nodding heads. I won’t trouble you any longer.

[Chris]

I apologize, I was attempting to carry out a discussion. I did not realize you were only looking for nodding heads. I won’t trouble you any longer.

Nice twist but, yes, find a topic that pleases you and you can actually discuss.