Is Capitalism Working?

[Sabertooth]

Social democracies also have least socio-economic inequality and poverty and higher social mobility. Social democracies rank as the world's most stable states, safest, happiest, prosperous, least corrupt, most socially inclusive countries with strongest democracies, most freedom, best governance and judical systems and most human wellbeing and most human capital, just to name a few indexes where social democractic capitalism excels.

Which countries are you referring to?

 

[JackRT]

Which countries are you referring to?

I suspect that he is referring to countries like Denmark, Norway, Sweden, the Netherlands, Switzerland, Canada, Australia, New Zealand ...

 

[Sabertooth]

I suspect that he is referring to countries like Denmark, Norway, Sweden, the Netherlands, Switzerland, Canada, Australia, New Zealand ...

Are they UBI, GMI or some other arrangement?

 

[JackRT]

Are they UBI, GMI or some other arrangement?

I am not familiar with those terms.

 

[Kalevalatar]

Which countries are you referring to?

To the Nordic social democracies.

Are they UBI, GMI or some other arrangement?

No. Not even minimum wages. Norway does have a $1 trillion sovereign wealth fund from oil, though.

 

[Sabertooth]

I am not familiar with those terms.

UBI = Universal basic income
GMI = Guaranteed Minimum Income (a less expensive variant)

 

[lismore]

Is Capitalism working?

hello mindlight.

I think Capitalism, Socialism and all other isms are horns on the same goat. The problem is not the system, it's the wickedness of the human heart.

The heart is deceitful above all things and beyond cure. Who can understand it? (Jer 17:9)

All systems will produce injustice, because unjust people operate the system. The solution is not another system, a heart change will have effect.

And I will give you a new heart, and a new spirit I will put within you. And I will remove the heart of stone from your flesh and give you a heart of flesh. (Ezek 36:26).

But the big change will be the arrival of Godly, righteous government at the return of the Lord Jesus Christ. He shall come, then we shall see peace and righteousness, then every tear will be wiped from every eye.

God Bless