Comments by "Zach B" (@zachb1706) on "Bernie Sanders fires back at Trump over socialism" video.

  1. Henery McGregor he doesn’t? We’re talking about the same guy right? I’m sure he once praised the USSR and Cuba for its socialism
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  2. Henery McGregor yes it does. For many reasons: 1 - compacted charge more to make up the difference 2 - heightened demand raises prices back up to a stable point You can’t just raise wages and expect prices to stay the same
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  3. Third world countries need capitalism. Look at China, once socialist it opened itself up to capitalism and is now the 2nd biggest economy in the world! Africa, with its vast natural resources and low labour costs, would thrive.
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  4. archimonde prior to the 1970s, China has a heavily planned economy, with a GDP growth rate of around 2.7%. In the late 1970s, China enacted its first part of the “Opening of China”, which involved allowing foreign investment, reduced collectivism in Agriculture, and allowed entrepreneurs to start businesses. In the 1980s, China started to expand this to more state owned industries. In 1975, it stopped it’s price controlling practices, and started to open up to free trade. Since 1978 chinas growth rate has steadied to around 6-7%, and has lifted hundreds of millions out of poverty.
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  5. archimonde so in short, in the late 1970s China opened up to the free market, and away from a centrally controlled socialist economy. And it’s been the best choice in China’s history.
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  6. archimonde capitalism boosts the economy, and allows the best to succeed. That’s the entire basis of it.
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  7. archimonde and that’s a problem? Why should I have to provide for people who aren’t intelligent or most of the time don’t want to put the work in themselves. Yes, it leaves bad people behind, it pushed you to be the best, most innovative individual you can be. That’s why it works. You can’t have private investment in socialism because it’s a planned economy. All resources are managed by the state, and so individuals have very little freedom, very little incentive to work and no opportunity to innovate. If America was socialist, we wouldn’t have the technological boom, we wouldn’t have tiny smartphones as powerful as computers for example. That was brought in through innovation. On top of the incentive that profits have, profits that the company accrues can be put back into innovation. This means the best are incentivised to do it again, and that they have more resources to do whatever their business is. It distributes the resources to those with the best ideas, making those ideas shine.
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  8. archimonde “people with no power or money can’t stand in capitalism”, apart from the thousands of successful businessmen and woman that have succeeded from nothing. Jeff Bezos was born from to poor teen parents... he is now the richest man alive.
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  9. Ok
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