Poverty is a financial Mode, as long as people try to make unreasonably high profits, it`ll still be here.?

Question

As long as credit is offered as easily as it is and large profits are needed to pay shareholders the situation will stay the same. As long as people take advantage of another person`s bad situations greed will prevail. The question is do you think that personal influence will affect world poverty ?

Answer 1

I think it is better to try and fail than to not try at all. I do agree that it is a situation that a select portion of people profit from, and unfortunately money is power in a political way. Good question.

Answer 2

There are really two types of poverty. In economies governed by free enterprize (profit motive). Poverty is a life style choice, whether the person realizes they are making the choice or not. Accepting easy credit is a choice, choose badly and you pay the consequences choose wisely and reap the benefits. Free enterprize requires that you provide a service that other people actually want in order to make a profit. The greater demand for your service or product the higher the profit margin.

This process creates wealth then distributes it to those who provide the greatest service (products) to their fellow man. The wealth creation process requires that the producers take some risk in order to produce the goods and services for their fellow man. In return society and most capitalistic systems allows them to keep most or all that they earn.

"Poor" people in the U.S. have a higher standard of living than average people in the socialist utopias of contienental europe. There was a recent report that average Germans have about the same standard of living as people in some of the poorest States in the U.S.

Systemic poverty occurs where a system of free enterprize has been replaced by a controlled economy. In those economies there is no incentive to take the risks necessary to produce the goods and services needed by your fellow man. Because what ever you earn can be taken away and "redistributed". Since almost no wealth is produced there is nothing to distribute other than to spread misery.

There are numerous exaxmples of this type of poverty. Two recent examples are North Korea where no private economy exists and large portions of the population are starving. The other is in Zimbabwe where white farmers were kicked off their farms and the land was "redistributed". The result was the bread basket of southern Africa is full of starving people hundled on unworked farms.

I think one person can make a difference. You have to spread the word, we need a freer not a more restricted economy. We need to vote for and support political leaders that stand for freedom. Others will see the light, they already have in Sweden, Ireland and the UK. Freedom is the answer. We also have to learn to live and let live. If someone chooses a poverty life style we have to respect that choice and accept it.

Answer 3

Surely. Samkara, Buddha, Mahavir, Gandhi in our country exercised such salubrious influence on people.