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Bono: Only Capitalism Can End Poverty
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Jul 22, 2013 04:47:46   #
OPP Newsletter
 
http://www.inquisitr.com/428836/bono-only-capitalism-can-end-poverty-video/
 
Jul 22, 2013 06:25:35   #
Lou (suspended)
 
I would agree with that totally .
Jul 23, 2013 11:23:20   #
cold iron (a regular here)
 
If anyone wants to see first hand the difference between capitalism and socialism just look at Korea. The north is a bone yard and the south is aglow in light and business. No words needed. Only a fool can argue for darness.
Jul 23, 2013 12:33:18   #
Lou (suspended)
 
cold iron wrote:
If anyone wants to see first hand the difference between capitalism and socialism just look at Korea. The north is a bone yard and the south is aglow in light and business. No words needed. Only a fool can argue for darness.


That's why Bono's statement is accurate and true .
Jul 23, 2013 17:43:02   #
faithistheword
 
I wish he had the nerve to go on Letterman's show, or any of the lib sites, and talk like that.
How refreshing!
Jul 23, 2013 18:57:34   #
ldsuttonjr (a regular here)
 
Lou wrote:
I would agree with that totally .


Capitlism -Commentary writer Alan Webber applauds the idea of the so-called social business - one that "has a social cause, not just a financial goal." Webber also tells us: "Think of it as
capitalism with a human face" (Giving the poor the business," The Forum, Wednesday).

I don't question Webber's uncritical assumption that social businesses will work. I do, however, question his hackneyed suggestion that the face of for-profit capitalism is inhuman. No other economic system but capitalism has lifted billions of people so decisively out of poverty.
Economist Joseph Schumpeter noted this fact in 1942: "Electric lighting is no great boon to anyone who has money enough to buy a sufficient number of candles and to pay servants to attend them. "It is the cheap cloth, the cheap cotton and rayon fabric, boots, motorcars and so on that are the typical achievements of capitalist production, and not as a rule improvements that would mean much to a rich man.

"Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amounts of effort."
Donald J. Boudreaux
Chairman
Dept. of Economics
George Mason Univ.
Fairfax, VA

"Socialism is the philosophy of failure, the creed
of ignorance and the gospel of envy; its inherent
virtue is the equal sharing of misery."
--Sir Winston Churchill
 
Jul 23, 2013 19:07:13   #
ldsuttonjr (a regular here)
 
ldsuttonjr wrote:
Capitlism -Commentary writer Alan Webber applauds the idea of the so-called social business - one that "has a social cause, not just a financial goal." Webber also tells us: "Think of it as
capitalism with a human face" (Giving the poor the business," The Forum, Wednesday).

I don't question Webber's uncritical assumption that social businesses will work. I do, however, question his hackneyed suggestion that the face of for-profit capitalism is inhuman. No other economic system but capitalism has lifted billions of people so decisively out of poverty.
Economist Joseph Schumpeter noted this fact in 1942: "Electric lighting is no great boon to anyone who has money enough to buy a sufficient number of candles and to pay servants to attend them. "It is the cheap cloth, the cheap cotton and rayon fabric, boots, motorcars and so on that are the typical achievements of capitalist production, and not as a rule improvements that would mean much to a rich man.

"Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amounts of effort."
Donald J. Boudreaux
Chairman
Dept. of Economics
George Mason Univ.
Fairfax, VA

"Socialism is the philosophy of failure, the creed
of ignorance and the gospel of envy; its inherent
virtue is the equal sharing of misery."
--Sir Winston Churchill
Capitlism -Commentary writer Alan Webber applauds ... (show quote)

And more on the Subject:
Wealthy pay for things that the poor enjoy



The definition of a tax cut is to reduce the tax bill from the IRS. It should not require a rocket scientist to understand that citizens who earn substantial amounts of money pay more dollars to the government than people who earn smaller amounts.

A socialistic viewpoint is not acceptable by the majority in a democracy or a republic. The wealth of a “free Nation” should not be redistributed and called the “duty “ of the wealthy. The so-called wealthy deserve less criticism as their accomplishments and fortunes were usually amassed by their intelligence and hard work.

To spend valuable time and energy degrading the wealthy only leaves less time for one to achieve his own goals.

As far as the statement, “Few poor or working glass people live in Franklin TN,” is a blatant lack of knowledge. I feel that the poor or working class should get a break. They do. An intelligent look at the many luxuries and governmental funded perks allocated to the poor and low-income residents reveals who pays and who receives.

The thousands of social programs, scholarships, welfare. Medicaid, protective services, and the list goes on and on. describe the endless items available to the nonproductive inhabitants of our land. Yes, these are paid for by the wealthy, not the poor. At some future time, the wealthy may ask, “Give us a break.”

Jealousy is a very time-consuming waste of potential energy.


H. Carlisle
Brentwood TN
Jul 23, 2013 19:18:45   #
Lou (suspended)
 
So how does your lengthy post negate or rebut Bono's statement and WHY ?
As for Business , every Business major in the most prestigious Universities in the US , has taught future MBA's of the social contract , in addition to a standard of business ethics and responsibilities . {look it up , you'll be surprised what that really means ] .
In addition , any one who chooses to use the Constitution to support any related business view should pay extra attention to the PREAMBLE to the Constitution , to have a clear insight on the mindset of the writers .
Jul 23, 2013 19:56:09   #
ldsuttonjr (a regular here)
 
Lou: Read the post again - your lost. The typical Ivy league approach to free-market business has lost the true intent of Capitalism. This approach was tainted when the Fabian and Frankfort groups infiltrated our Ivy institutions in the 30s.
Jul 23, 2013 20:24:41   #
Lou (suspended)
 
ldsuttonjr wrote:
Lou: Read the post again - your lost. The typical Ivy league approach to free-market business has lost the true intent of Capitalism. This approach was tainted when the Fabian and Frankfort groups infiltrated our Ivy institutions in the 30s.


I was telling you what is STILL taught in the IVY LEAGUE SCHOOLS. Now whether or anyone adheres to those principles and ethics is something worthy of dispute .
BTW , I hope you're not alluding to Industrial Capitalism , which had it's origins in the late 19th and early 20th century England . But you're inferring a communistic or Bolshevik notion , then it is YOU WHO IS LOST . And I believe that is what you're doing as those two names are associated with just that . You therefore get put up on the same shelf as the rest of the deluded paranoids who think anything in the US is run on such principles .

Bono's statement was quite simple , but no to so much for you huh ?
capitalism has the means to ameliorate the condition of mankind .
That a tough concept for you ?
Jul 23, 2013 21:43:13   #
ldsuttonjr (a regular here)
 
Lou: maybe Milton Friedman can educate you on the advantages of Free-market ending poverty.

"There is all the difference in the world, however, between two kinds of assistance through government that seem superficially similar: first, 90 percent of us agreeing to impose taxes on ourselves in order to help the bottom 10 percent, and second, 80 percent voting to impose taxes on the top 10 percent to help the bottom 10 percent -- William Graham Sumner's famous example of B and C decided what D shall do for A. The first may be wise or unwise, an effective or ineffective way to help the disadvantaged -- but it is consistent with belief in both equality of opportunity and liberty. The second seeks equality of outcome and is entirely antithetical to liberty."

Good night my friend.
 
Jul 23, 2013 21:49:48   #
Lou (suspended)
 
and again.. . what does that have to do with Bono's statement ?

btw , that was a good dance .
 
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