Originally posted by WorldWarGeneral
Capitlialsim is great. Sure, there are poor. There are poor in any government system. In a capitalist society, people have the chance to better themselves and become wealthy. There will always be the poor and the destitute, but you can't hold back progress because it will hurt a small group of people. Globalization will bring stronger world economies - which means better living conditions for most people. Sure, there will be people who don't benefit, and some that will suffer, but most will do better. Perhaps full free trade will shine a light on the terrible working conditions in some factories. With free trade, maybe third-world countries won't have to rely so much on foreign aid, and will become inspired to develop their own industrial base and economy. With decent economies, governments will be more willing to introduce labor legislation in order to create a more productive work force. The betterment of the many has to take priority to the plight of the few.
Very Nicely put.
In Communism/Socialism you remain poor. A good example of a working Captialist country is Chile with +6% some odd Gross Domestic Product Growth, and +12% Industrial Production Output Increases every year. The Chilean Economy is by far the most stable, and 60-70% of the Country is Middle or Upper Class, and this has been increasing in size in the past few years. Chile went from a Socialist Republic in 1973 where people would earn horse shit, to a Captialist Society where people are naming their children after American Companies... it's true. Chile has the most stable banking system in the world, surpassing Switzerland. Chile attracts massive amounts of foreign investment from Europe, America and Japan. This is still a fact despite the minor crisis in Argentina. Argentina is another grand example of captialism, sure there has been a crisis the past three years, but from 1991-1998, the Argentine Economy grew by an unprecendented +45%. They could get off their feet and act now. Chile and Argentina are examples where the Middle Class exceeds 45%.
Globalization will bring a new era of technological advances, for the people. Globalization is for, by, and designed for the best of the people. I feel the Countries could immediately get strinkingly high growth, that previously did not get any infact negativity, will enact new laws to prevent over-pollution, Jason. We are on a new era of technological break-through, and cannot restricted industry and commerce, or there will be no technological break-throughs. Bush is doing a fine job with America and the world.
Countries I see having high growth potential immediately
Argentina - GDP Per Captia - $10,000 - Growth: Negilible
Chile - GDP Per Captia - $13,500 - Growth: +6 - +7% Annually
Gabon (Africa) - GDP Per Captia - $6,000 - Growth: +10% - +15% Annually
Countries that could have high potential because of globalization
Zaire - GDP Per Captia - $100 - Growth: -15% (Plenty of Resources, and new President coming to peace with neighbors)
Kenya - GDP Per Captia - $1,200 - Growth: +1.5% (Great Tourist Potential, and Decent base for Industrial Growth)
I certainly did not name the all of the countries that could have high potential.