My thoughts are that the revolutionizing of our out-dated industries is possible, and more attainable through capitalism. Through times of difficulty, old inefficient ways are thrown away, and replaced with newer, more advanced technologies and ideas. The time for that is right now. The time is now to invest in the future, and to buy shares in companies when prices are extremely low. I can't imagine oil staying as low as it is for much longer, and the price will shoot up again. This is why we must stay the course in developing more fuel-efficient vehicles, appliances, and alternative fuels (hopefully renewable ones).
Free education is great, but that comes at a cost of higher taxes, which I am not a fan. Take Japan for instance, this financial meltdown that North America is going through right now happened in Japan in the early 90's, and through smart and calculated ideas and plans, they modernized their financial system for the 21st century. What is happening in the market now, is that just the players are changing. Capitalism brings rapid technological advancement, but to be honest, I am not a laizze-faire believer. There is a need for government intervention, and social programs for a country to be truly successful, with a high standard of living.
When studying successful socialist nations, Sweden is often mentioned, and for good reason, it rocks there. Free education, employment insurance, pensions are amazing, healthcare, the works. But what is often over-looked is that Sweden's economy is 90% free market. Sweden is the perfect example of "socialism". Much of the social programs they have are actually here in Canada as well, healthcare, pensions, employment insurance, crown corporations, etc, but since Mulroney, we have stepped back with crown corporations. Canada was actually ranked number 1 in the world for quality of life in the 90's and early 2000's.
Capitalism is the "quickest" way to improve a countries living conditions. Since the industrial revolution, it has changed how we live faster than any other time period in history. Solving the world's many problems are closer to being solved with capitalism than any other political idea. Poverty, hunger, homelessness, disease, and countless other ailments. All it takes is for our perception generosity to change. If you were born in North America, you were born into the wealthiest 10% of the world. I read once that to solve hunger, all it would take would be $40 billion over 10 years to stop world hunger. Also, it would only take an estimated $100 billion to develop a suitable treatment/cure for HIV/AIDS. Considering the United States has committed $400 billion for relieve of defunct companies and banks, $140 billion doesn't sound as immense.
I think if we stay true to free market, and capitalistic ideals, all should be fine. All that needs to change is the selfishness of our society and generation.
Grace and Peace
Amos13
Posts
No comments:
Post a Comment