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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (320574)	1/14/2007 12:37:39 PM
From: tejek	Read Replies (2) \| Respond to of 1573901

Democracy + capitalism have failed poor S. Americans that's why they are moving towards socialism. For the most part South America hasn't had real free markets. It hasn't failed because it hasn't hapened. So then, what you are saying is that democracy has failed the poor in S.A. because it failed to create free markets. That may be a portioon of the problem but its not the heart of problem. Rich laeaders in South America have lined their pockets. And those leaders where far from always being on "the right" The socialist leaders where corrupt as well. And neither the left or the right typically allowed for a very free market. I didn't say they were on the right. This is not a political argument; its an ideological one. Do you understand the premise of socialism? Its to insure a better distribution of a society's wealth among all its people and not just the rich. When its done to the extreme, it can take away the incentive to create new business and hurt the society, but when its done with restraint, it can take away a lot of the extremes we have in our own society and result in less violence and depravation. The corroption from across the political spectrum in South America did hurt them, but not as much as the lack of a free market did. The monopolies given to the leaders, and their friends and families are examples of both a lack of a free market and corruption. If the market is really free they don't exist. Get rid of them, reduce the regulatory burden, and avoid collectivation and political control of the economy, and you would have had much better growth. You know Tim, your concern with free markets prevents you from seeing the entire truth. South Americans have free markets in varying degrees......some are more free than others. But free markets do not guarantee less corruption. And most SA economists would contend that free markets is the smallest part of the problem; that corruption is the biggest part of the problem. Try to keep your mind open. Even Marx thought you had to create wealth before you can redistribute it. Many South American governments have greatly reduced the creation of wealth. How did you come to that conclusion?