Comment by mempko
10 years ago
No, science has pulled people out poverty. Capitalism, like other forms of terrible economy systems happened to exist at the same time.
10 years ago
No, science has pulled people out poverty. Capitalism, like other forms of terrible economy systems happened to exist at the same time.
Economists have looked at this and concluded that the spread of market institutions like private property rights has accelerated poverty reduction, because of the effect it has on capital allocation and incentives.
Science isn't generated in a vacuum, and in any case, science alone doesn't generate goods/services. I strongly recommend you look at the evidence presented on the causes of global poverty reduction:
https://www.ted.com/talks/paul_romer
http://www.economist.com/news/leaders/21578665-nearly-1-bill...
http://www.csmonitor.com/World/2016/0207/Progress-in-the-glo...
Engineering produces solutions to the problem the economy presents it. Its only going to solve the problems of poor people to the degree they can afford to pay for the goods and services designed. This could be a benefit of BI, redirecting some engineering focus from earners to non earners, who tend to live more economically sustainable lives by necessity.
I recommend you study some economics. A lot of the ideas you have seem to be a product of fear-based conjecture insted of knowledge. For example, you seem to not be aware that the economic development that market institutions facilitate makes goods/services more affordable for the masses, including poor people.
Did you read the articles I linked? What was your takaway from them?
4 replies →
For that to be true all the socialist or communist states that have failed, or generally to live up to expectations, would have to be devoid of science. Which I'd posit isn't the case.
What I find best about these discussions is that when socialist or communist states fail, it's because of socialism or communism. When capitalist states fail, it's because of something else.
It's because the percentage of capitalist states failing is very low. The percentage of socialist states that failed (or converted to capitalism like China) is extremely high.