The billions plunged into poverty was hardly a sudden event. It's due to the capitalist superstructure which has existed for hundreds of years. The most sudden poverty plunge for a large number of people would be Eastern Europe in the 1990's. I don't even know where most of these graphs come from, and also GDP is meaningless when there are high levels of inequality. And as for another graph, well, we have very different definitions of "democracy". What factors is that poverty graph basing itself on? Total GDP or the average citizen? Yes, I'm optimistic, I don't think capitalism will last forever and I think we may see its demise within our lifetimes. Just a question here - what does "individuality" and "freedom" mean to you?
Ahem.. billions plunged into poverty? No, I think clearly capitalism is the reason billions have been lifted OUT of poverty.
But you do recognize that Eastern Europe is doing relatively well now... exponentially better then they were under Marxist-socialism.
The graph showing GDP is for PER CAPITA, the global GDP per CAPITA has been steadily rising. I mean honestly, this isn't that hard to imagine, considering all of the economic growth we see in Asia and elsewhere.
I'm just curious.. but what exactly are you smoking, because basically 'most' metrics show that the world is becoming a BETTER place to live in, and it's not becoming a better place because all of the sudden many successful economies are deciding to completely abandon liberalism and apply Marxist economics. In fact, almost all countries that attempted Marxist style economics have FAILED.
Above graph shows median household income in the USA - it's trend is up, not down.
I can honestly think of no better of a system for the poorest, middle class, and the richest then capitalism. I'm not talking about laissez-faire here, I'm just simply defending 'capitalism' as a concept.
I just don't get where you are getting this whole 'billions plunged into poverty' nonesense. Show me statistics or graphs, you accused me of using few statistics and just using emotion - however I think in this instance you are running on just mere emotion with no facts.
Oh yes.. clearly the world is getting poorer. Right? No. World poverty is declining. How do I know that people in China are better off now then they were under Mao? Easy. Boom in luxury goods, boom in consumer goods. I mean,
I deduce from this that consumer spending is rapidly rising in China, and steadily rising in most of the world - which leads me to think that these people have more income and wealth to spend on luxury and consumer goods. China's consumer spending is expected to reach 6.8 trillion dollars by 2025. That's not the 1%, that's the new and rapidly growing middle class.
Communists want us to all be equally poor.
Also joe00uk, explain to me how 'technology', 'futurism', and innovation will occur in a purely communist Marxist economy that you want? Also, how can you so blindly believe that the government is better spending your money then you yourself?
Do you also recognize that absolute control of the economy by the government will undoubtedly lead to abuse (i.e: North Korea, China under Mao, Soviet Union) People don't want to live like that. I don't want to live in a country where I risk being sent to a concentration camp for not publicly being in absolute love and admiration for my Great Leader.
"Liberterianism is a mental disease. A national health crisis and a threat to the future of this country...Worse than the threat from terrorism, asteroids, disease and yes global warming.
It is mindless anti-government idiocy. If it isn't turned back I predict the end of this country as a world power. Simply put the need to educate our entire population like any sane country is sen as wrong by the cult that practice this foolish idiocy. So is simple workers rights, child labor and every other sane policy of the modern world."
"The man who does not value himself, cannot value anything or anyone.”
-Ayn Rand, The Virtue of Selfishness: A New Concept of Egoism
"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way."