.@calestous @ricardo_hausman @JimPethokoukis; examples of such "poor countries" inclds Sweden + Nordic Countries; China, Cuba, Venezuela etc
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@calestous@ricardo_hausman@JimPethokoukis;..while some of d "rich countries" wt "Capitalism" inclds Nigeria, Uganda, S/Leone, SA, etc? -
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@Global_Renewal is a man after my own heart. True capitalism is zero-sum, creates poverty!@calestous@ricardo_hausman@JimPethokoukis -
@geonal Tell us about the system that is positive-sum@Global_Renewal@ricardo_hausman@JimPethokoukis -
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@calestous Scandinavians have the most promising model thus far: Sweden, exactly.@Global_Renewal@ricardo_hausman@JimPethokoukis -
@geonal Model of capitalism?@Global_Renewal@ricardo_hausman@JimPethokoukis
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@calestous@JimPethokoukis Would Steve Jobs, Bill Gates & M. Zuckerberg been successful if they were (God forbid), born in Africa? -
@nrabach1 Usually the comments are more revealing than the poll results@JimPethokoukis
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@davidolusi@calestous@JimPethokoukis money saved by relatives helped me go to university so I would not be poor (in every sense). -
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@davidolusi@calestous@JimPethokoukis@john well money might matter ...pic.twitter.com/4jBuzmlQCz
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@calestous@JimPethokoukis Based on Acemoglu and Robinson theories, these options are misleading. -
@calestous@JimPethokoukis Good or bad capitalism depends on the institutional framework is based on.
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@calestous@JimPethokoukis The dangerous erroneous assumption here is that only capitalism can provide these inputs. -
@calestous@JimPethokoukis In essence, true capitalism doesn't even exist anymore because of the gross inequality it creates. -
@emanzi@calestous@JimPethokoukis if "true" capitalism leads to gross inequalities, which version leads to fair wealth distribution? -
@mnenonlao@calestous@JimPethokoukis A combination of the different systems. And a government that doesn't legitimize any one single one. -
@mnenonlao@calestous@JimPethokoukis That has been the reason for the success of the aforementioned Nordic region. -
@emanzi@calestous@JimPethokoukis Fair. However, no mechanisms have been found to decouple capitalism from power concentration -
@mnenonlao@calestous@JimPethokoukis The main message now happens to be that either capitalism is evil or that socialism is the fall of man
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