PM to Seize Uni Control from State Governments (1 Viewer)

[volition]

Well obviously if you are an evil capitalist right winger you don't care about the welfare of others, and that's fair enough.

Well it's not so much that I don't care about the welfare of others, just that I think it's important we uphold people's own private property rights(which is a human right) as much as we can at the same time.

Consider this fact though: there are some things that individuals cannot choose - they can't choose where they're born - whether it's the first world or the third world (or developing world as we euphamistically label it). They can't choose their family, their race - whether they are Aboriginal or Anglo-Saxon. They can't decide to be born intelligent or to be born with good looks, to be born an introvert or an extrovert. The decisions they make in the determinative years, when they are infants are arbitrary, although that determine much of who they are and who they will become. They have no say over whether they will grow up in Bondi or in Blacktown, whether they are fed by a silver spoon or have nothing to feed themselves.

I know very well that there are things we can't control, and that genetics isn't fair to us all in terms of intelligence and skill and so on. But there's nothing that can be done about that, the best we CAN do is actually to promote economic growth via capitalism, which is the best way to bring people out of poverty.

http://www.cis.org.au/Events/JBL/JBL05.pdf

England 60 years to double its income from 1780. 100 years later, Sweden did the same in just 40 years. Another 100 years later, countries like Taiwan , South Korea , China and Vietnam did it in no more than 10 years.

During the 1990s, poor countries with about 3 billion inhabitants have integrated into the global economy, and they have also seen their annual growth rates increase to almost 5 percent per capita. It means that average income doubles in less than 15 years. Compare this to the much slower growth in rich countries, and the negative growth in developing countries where 1 billion people live. These countries, especially in sub-Saharan Africa , are the least liberal, the least capitalist and the least globalised. It seems Lenin had it upside down – poor countries that are connected with the capitalist countries with trade and investment grow faster than those countries, those that don’t become poorer.

Let’s have a short look at the statistics to see the greatest untold story ever. The proportion in absolute poverty in developing countries has been reduced from 40 to 21 percent since 1981. Almost 400 million people have left poverty – the biggest poverty reduction in mankind’s history. In the last 30 years chronic hunger has been halved, and so has the extent of child labour. Since 1950 illiteracy has been reduced from 70 to 23 percent and infant mortality has been reduced by two-thirds.

It doesn't surprise me one bit that the countries that embrace capitalism do better.

http://www.heritage.org/research/features/index/countries.cfm - check out the rankings here. To be fair, Australia is one of the freest, so I'm still very happy with what we have so far.

It all boils down to: Capitalism good, socialism bad.