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Re: What Is Your Opinion On Capitalism? by dayokanu(m): 7:34am On Nov 07, 2010 |
OYINDAMOLAAAAAAaa |
Re: What Is Your Opinion On Capitalism? by oyinda3(f): 7:41am On Nov 07, 2010 |
what is your opinion on capitalism? |
Re: What Is Your Opinion On Capitalism? by dayokanu(m): 7:42am On Nov 07, 2010 |
I can share that with you in private. |
Re: What Is Your Opinion On Capitalism? by Katsumoto: 11:59am On Nov 07, 2010 |
dayokanu: My friend, stop disturbing the poor girl. You either contribute to the subject or gerrouttt. O se ya ashewo bayi? |
Re: What Is Your Opinion On Capitalism? by olaolabiy: 3:31pm On Nov 07, 2010 |
Katsumoto: The girl sef tooo fine now. She's a friend on FB. |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 4:29pm On Nov 07, 2010 |
My opinion on capitalism? I would like to take it back and make a judgment on whole ideal of liberalism which opens the room for capitalism or any economic configuration based on private ownership of capital. This system is fine except its demerits are never headlined but concealed. The truth is that someone has to fall for another to stand, this defines capitalism- historically and realistically. This goes for both individual capitalistic system and more so with International system - we just don't know it yet. The rise of Europe marked the fall of Africa - raw material and labor which are 2 of the three factors of wealth creation were extracted from Africa for almost free, the scramble for Africa led to the rise of Europe - and this is capitalism. The media won't say. If we Africans aspire to get developed as Europe we have to look for someplace to milk - this is the fact. I got your question, what about the Asian giants like Japan and China? Well, Japan is the biggest "freeriders" in the world hegemonic structure- they attained that position during cold war - were allowed to trade on unrealistically favorable terms. This was a war tool more like the Marshall plan was a way of buying over the western Europe. No Asian tiger followed the Rostovian take-off model/ or the so called modernization theory. China's development is still a mystery to economist - though it is safe to say they exploited free Chinese prison labor to take over markets through dumping. I cannot believe how far from the question i have strayed - well, my point is that capitalism is synonymous with exploitation - show me any developed economy, I will tell you who they exploited to make it there. The worst part is that Africa continent is been exploited today that it ever has been in the 17th century. The sudden interest of Chinese in Africa seems to question a lot . . . and yes you heard me Africans are going through the biggest expliotation ever in history - through the configuration of International trade, unequal exchange and price control. Any credible political economist would help explain why labor is expensive in Europe. . if i can produce a tip- it is because labor is cheap in the so called third world. Technically, we are working to pay the labor of the so called first Nations, . It could be through Education - which is now the obsession of Africans to study Abroad with unreasonable fees- buying cheap raw materials and exporting the finish goods for profits. . Also Multinationals are imperialistic mechanism who milk locals and export the profit to their host countries- we have to understand this structures and how they make Africa RELATIVELY poor. There won't be rich or poor if its not in a relative manner . Eurocentric capitalism is the worst economic system on record - just it is the only reasonable one because our "masters" said so. Media made socialist bad in my opinion- Any credible economist would tell that the capitalism is not sustainable, hence the world must slide into socialism and then Communism. This is the truth, evident ion Europe and now America - - that's the case because capitalism is not sustainable. It could take 500 more yrs but the world must slide to communism. |
Re: What Is Your Opinion On Capitalism? by olaolabiy: 4:54pm On Nov 07, 2010 |
^^^ No capitalist country without some form of intervention from the State. You would rather live in Ireland and not Cuba, isn't it? |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 7:34pm On Nov 07, 2010 |
ola olabiy: In reality no country practices full capitalism with no govt. intervention - where govt are only concerned with public goods. There is no such place on this planet . . Also i think you read my post in reverse. I am not criticizing capitalism my friend- i just reported its historic/ tacit characteristics. This is not a matter of where i would rather live , this talk about capitalism been the only way to prosperity is a socially constructed one. The inequalities that capitalism creates is more than you we can imagine - The greatest crimes of humanity were instigated by selfishness which is the core value of capitalism . . I am not a Marxist my friend, i never had been. |
Re: What Is Your Opinion On Capitalism? by Kay17: 1:26pm On Nov 10, 2010 |
A true Marxist communist system not Leninist! I'm strongly against the political monster in Leninist Communism. At least we will all agree that capitalism is a step towards the future. |
Re: What Is Your Opinion On Capitalism? by AjanleKoko: 1:34pm On Nov 10, 2010 |
yeswecan: No, no. We have enough natural resources, and we have the capital, human and intellectual. The social system is the key. Would you say that the UAE and Saudi, Oman and Qatar are not developed, simply because they are not massively exporting finished goods, or invading their neighbours? The Europeans suffered from natural deprivations, which is why the story of riches in the West has been a story of expansion. |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 2:32pm On Nov 10, 2010 |
AjanleKoko: Well it is best that you understand my post word-by-word before you punch it. I will reproduce my line below "If we Africans aspire to get developed as Europe we have to look for someplace to milk - this is the fact." Now to your question on UAE and Saudi, Oman and Qatar - they are relatively developed and developing countries it depends on who's talking and who listens - my post touched on European type of development. Why i said that in essence was not for us to think of how to develop the European way rather for us to define development wholly on our terms not on western terms. The western type of development cannot be possible without expliotation - thats my point. |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 2:35pm On Nov 10, 2010 |
Kay 17: Tell me whats so wrong with Leninist Communism? If you are a true theorist you would understand that the world is sliding to socialism and then communism- this is unavoidable. It could take 1000 years but a classless world would come into view. |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 2:57pm On Nov 10, 2010 |
Let me give you guys a tip on how capitalism is the hegemony's way to control the economy/ exploit smaller countries. Lets take the Multinational debate. multinational corporation (MNC) comes into a small country like - let's say Ghana and drives local competitors underground through artificial dumping (selling goods a price below that charged in the domestic market ) just to secure the market from competitors- they have the financial strength and might to do that. The Multinational takes over the market in Ghana with time and control the pricing - this is bad because the multinational takes all profit to its headquarter usually in a developed economy to invest there. We have seen this in Nigeria's MNC like Shell cooperation that literally has no petrol-station in a country where they get raw material from - most of their properties are on lease. I cannot think of the number of Shell stations i have seen in the UK alone. Now America and friends tells you to open your economy so that such companies can come in and lift resources and profit back to them - criminals- the world bank and IMF uses this as loan terms and Africa leaders are too dumb to think it through. This is what capitalism and liberalizing the economy means. . They know the exchange is not equal - they fix prices of our products and they want this to go on forever. . . We need an little bit of an isolationist ideology |
Re: What Is Your Opinion On Capitalism? by Jbenue: 3:49pm On Nov 10, 2010 |
Social Capitalism is the way forward. Countries like Japan and Germany have pioneered this system to an extent. Where it failed for countries like Japan was their pension system which became a combersome, over bloated burden, that drained the state coffers. In my opinion the state should have nothing to do with pension, every working person should have their own private pension that in later life they can draw upon, the status quo now is that the younger generation are paying for the pension of the now retired because living + pay standards since the 70's have greatly increased. there is a way to augment this quagmire, if the state was to ensure not only a minimum wage(already in place in 1st world) but also a maximum wage, even the poorest worker would get a bigger slice of the pie, hence he or she may invest more in their pension schemes. Due to thoroughly greedy capitalist lords sadly i doubt this will ever happen. In England the government has been trying to cap the wages of their highest earners but one nation cannot implement this. As courageous as it may be it would also be economical suicide as there would be an Exodus of the most brilliant minds that drive the economy to other countries willing to indulge their greed. It has to be a consensus agreement between all the countries especially the economic powers. I hope one day man will wake up from the capitalist hypnosis it seems to be dancing to at the moment, I mean the worlds largest communist state China practises one of the most vitriolic brands of capitalism, a slight juxtaposition no? Sad really. |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 4:19pm On Nov 10, 2010 |
Jbenue: There is no reflection of independent thinking in your post. |
Re: What Is Your Opinion On Capitalism? by Jbenue: 5:55pm On Nov 10, 2010 |
yeswecan: What do you mean sir?? |
Re: What Is Your Opinion On Capitalism? by ochocinco1(m): 7:01pm On Nov 10, 2010 |
I think Oyinda. said it best. Unbridled capitalism is as bad as Unbridled socialism. There is no arbitrary ideal level of government that is needed or suitable for all epochs, but it is healthy if the ballot box sorts out the various alternatives on offer. |
Re: What Is Your Opinion On Capitalism? by cap28: 1:47am On Nov 11, 2010 |
yeswecan: Then we will have to change our mindset, as it is we are content to sit back and imitate europe and america, every nation with exploitative tendencies has also had expansionist tendencies, do we have this kind of outlook? our way of thinking has been destroyed by colonialism and western religion. It has made us weak and directionless, we are simply not yet mentally equipped to think in those terms yet. |
Re: What Is Your Opinion On Capitalism? by Nobody: 2:11am On Nov 11, 2010 |
cap28:You make sense die ! Colonialism dragged us back because the colonialists were not here to develop or show us the way to meet up with them,rather their intentions was to exploit our resources,instil british hegemony and imperialism expanionist.Schools were built just to educate people for purpose of trade and clerks,infastuructures were built strcitly on necessities of trade such as railways and also the seaports. It's going to be hard or take a long way before we can free ourselves from this kolomentality because we are at the receiving end of the injustice of colonization |
Re: What Is Your Opinion On Capitalism? by Kay17: 9:47am On Nov 11, 2010 |
Tell me whats so wrong with Leninist Communism? If you are a true theorist you would understand that the world is sliding to socialism and then communism- this is unavoidable. It could take 1000 years but a classless world would come into view.Communism failed! |
Re: What Is Your Opinion On Capitalism? by yeswecan(m): 4:38pm On Nov 11, 2010 |
cap28: Obviously |
Re: What Is Your Opinion On Capitalism? by cbravo3: 3:07pm On Apr 26, 2017 |
KARL MARX’S NOTION OF CAPITALISM http://www.bravoprojecthelp.com/philosophy/karl-marxs-notion-of-capitalism/ |
Re: What Is Your Opinion On Capitalism? by hucienda: 3:10pm On Apr 26, 2017 |
Appears the days are long gone on intellectual discourse with threads such as this. |
Re: What Is Your Opinion On Capitalism? by iseeicome: 9:05am On Sep 10, 2017 |
Re: What Is Your Opinion On Capitalism? by tck2000(m): 10:52am On Jan 18, 2020 |
EzeUche0: |
Re: What Is Your Opinion On Capitalism? by Konquest: 7:06pm On Nov 13, 2021 |
oyinda3:Capitalism is the way to go as it encourages creativity and wealth creation. Those who have learned the power of disruptive innovation are leveraging on capitalism. There must be capitalism with a human face to prevent rampant profiteering and monopoly. *Signing out* |
Re: What Is Your Opinion On Capitalism? by Konquest: 7:18pm On Nov 13, 2021 |
Katsumoto:Word! |
Re: What Is Your Opinion On Capitalism? by Konquest: 7:28pm On Nov 13, 2021 |
Katsumoto:Well said! Last paragraph... Topnotch.
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