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Nipawin - Wednesday, October 17, 2001 - by: Mario deSantis | |
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"Can capitalism survive? No. I do not think it can." |
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"The moral justification for capitalism lies in the fact that it is the only system consonant with man's rational nature" -- Ayn Rand |
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moral |
Our neoclassical economists tell us that we have infinite wants and that we must use the moral forces of the Free Market (Capitalism) to satisfy these infinite wants. I ask if it is fair to a have a financial stock speculator making money at the expense of others to satisfy his infinitesimal want when three billion people live with less than $2 per day. |
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social |
There are wants and there are needs. The rich people of any country want wants, and the poor people of any country need needs. The neoclassical economists tell us that capitalism is the means to get richer and satisfy our wants, and I don't believe that today's capitalism is the right social tool to free billions of people from their basic needs of food and shelter. To support that today's Capitalism is the means to make rich people richer and in the process to spread a moral void in our society I provide the following information: |
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But our international renowned Peruvian economist Hernando De Soto doesn't agree with the wrongs of today's Capitalism and says that the poor faired quite well in the last 30 years as |
quite |
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safe |
Our neoclassical economists continue to give us their numbers and need protection money. So, our De Soto doesn't feel safe in his native Peru and therefore he has been peddling his economic theory of 'paperized property rights' around the globe. In the meantime, Peru has been experiencing, in the mid 90s, an external debt of some $31.7 billion, representing 465.2 percent of exports of goods and services and 53.9 percent of GDP. |
The lies of today's neoclassical economists continue. | |
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----------References: | |
Capitalism, Socialism and Democracy, Project 2001: Significant Works in Twentieth-Century Economic History (Joseph A. Schumpeter) http://www.eh.net/bookreviews/library/mccraw.shtml | |
The Capitalism Site http://www.capitalism.org | |
Ownership Statistics: Why a Shared Capitalism is Needed..., Shared Capitalism Institute, Jeff Gates & Christopher Mackin, http://www.sharedcapitalism.org/scfacts.html | |
The Constituency of Terror, by Hernando De Soto, New York Times, October 15, 2001 http://www.nytimes.com/2001/10/15/opinion/15DESO.html | |
The Poor Man's Capitalist: Hernando de Soto, by Matthew Miller, New York Times, July 1, 2001 http://www.nytimes.com/2001/07/01/magazine/01DESOTO.html?pagewanted=1 | |
PERU, World Bank http://www.worldbank.org/html/extdr/offrep/lac/perus.htm |