I live in NY, I was born and raised in DR. I am 24 years old and a civil engineering student in City College. Although not versed in Economics I have worked as an operations manager in a very large chain store. I took Microeconomics and Macroeconomics in school trying to understand better the capitalist world view and the concept of globalization. Globalization was sold to me back when I was still in DR as an imperfect system, full of flaws, but that if free market were to rule in the entire world the jobs will go to the most productive, knowledgeable individuals, regardless of color, culture, religion, or political view.
It sounded like it could work so here I am thousand of days later in a land estrange to mine, but that nevertheless I have learned to respect and cherish for what it is: the land of opportunity, not the land of the free, not the capital of the world. Opportunity: A favorable or advantageous circumstance or combination of circumstances. I saw a possibility of ?free? health care, of a ?better? education, the understanding of a ?broader perspective.
So today after what I have seen, read and heard, I have come to an inevitable conclusion Democracy and Capitalism can not work together at least not in worldwide scale. I am sure that most will disagree, but it seems that although the Capitalist system is only as good as its players, one can? not argue that more and more multinationals conglomerates are taking over the entire recourses of the world. Here is a scary fact 50 multinational corporations and 50 developed countries have more money than the rest of the world today. I am not interested in whose fault it is, I already know that EVERYBODY?S. My concern is what do we do to fix this system that evidently has not worked for more than a century but more likely it will never work.
Democracy rests on the education of the citizens to make decisions and to elect leaders to represent and protect their interest. This of course the short version and thorough the history of my DR, I can see how educating the majority of the population Democracy works. Ex. How by increasing the civic education, citizens are more likely to get involved in the political process, therefore less likely to sell their vote for a demagogue speech.
Capitalism as an economic system argues that government intervention in the economy should be restricted and that a free market, based on supply and demand, will ultimately maximize consumer welfare. This is also true. But like its predecessor Mercantilism, it fails to address that the economic power resides in the hand of the few changing hands from time to time depending on certain technological revolutions, ex. The industrial revolutions, the internet boom, etc.
People educated in Economics understand that ones income should be spent in local or partners businesses. Since is very unlikely that foreigners investors will come in to your town open business and spend the profits in the same town. Japanese, Chinisse, Arabs, Indians, European Jews, White Supremacist, and others have gone that way even when it made more economic sense to spend their money on the cheaper store. Why does a Dominican rather go to a non Dominican business even if it makes no economic sense?
Can all poor blacks, poor Latinos and progressives in the US unite economically with the underdeveloped countries and start putting our money where our mouths are?:rambo:
I could be dreaming or is this possible?, if not, it seems that the richest corporations and countries will keep the underdeveloped countries at bay. Some of you probably have argued this before, but on the light of the near end of this oil age, it seems important to explore the different options we have. I for one will rather get rid of Capitalism than Democracy
It sounded like it could work so here I am thousand of days later in a land estrange to mine, but that nevertheless I have learned to respect and cherish for what it is: the land of opportunity, not the land of the free, not the capital of the world. Opportunity: A favorable or advantageous circumstance or combination of circumstances. I saw a possibility of ?free? health care, of a ?better? education, the understanding of a ?broader perspective.
So today after what I have seen, read and heard, I have come to an inevitable conclusion Democracy and Capitalism can not work together at least not in worldwide scale. I am sure that most will disagree, but it seems that although the Capitalist system is only as good as its players, one can? not argue that more and more multinationals conglomerates are taking over the entire recourses of the world. Here is a scary fact 50 multinational corporations and 50 developed countries have more money than the rest of the world today. I am not interested in whose fault it is, I already know that EVERYBODY?S. My concern is what do we do to fix this system that evidently has not worked for more than a century but more likely it will never work.
Democracy rests on the education of the citizens to make decisions and to elect leaders to represent and protect their interest. This of course the short version and thorough the history of my DR, I can see how educating the majority of the population Democracy works. Ex. How by increasing the civic education, citizens are more likely to get involved in the political process, therefore less likely to sell their vote for a demagogue speech.
Capitalism as an economic system argues that government intervention in the economy should be restricted and that a free market, based on supply and demand, will ultimately maximize consumer welfare. This is also true. But like its predecessor Mercantilism, it fails to address that the economic power resides in the hand of the few changing hands from time to time depending on certain technological revolutions, ex. The industrial revolutions, the internet boom, etc.
People educated in Economics understand that ones income should be spent in local or partners businesses. Since is very unlikely that foreigners investors will come in to your town open business and spend the profits in the same town. Japanese, Chinisse, Arabs, Indians, European Jews, White Supremacist, and others have gone that way even when it made more economic sense to spend their money on the cheaper store. Why does a Dominican rather go to a non Dominican business even if it makes no economic sense?
Can all poor blacks, poor Latinos and progressives in the US unite economically with the underdeveloped countries and start putting our money where our mouths are?:rambo:
I could be dreaming or is this possible?, if not, it seems that the richest corporations and countries will keep the underdeveloped countries at bay. Some of you probably have argued this before, but on the light of the near end of this oil age, it seems important to explore the different options we have. I for one will rather get rid of Capitalism than Democracy