this house believes that economic development and social responsibility can go hand in hand.give some opinion?

Answer 1

Of course they can, provided that greed is tempered and not allowed to run rampant and unchecked. This is an education issue coupled with a belief that capitalism is the only way to trade.

The problem begins in that those who have spare capital control economic development. Capital has no national boundaries or state - so if the government of a country doesn't give the rich the right tax breaks, they simply offshore their capital and cause an economic downturn.

The rich then, control the capital, and capital wealth in turn controls countries and dictates economic fortunes.

The rich don't want to surrender their spare capital, they want more, and the best way to get more is to invest in poor countries where the wages are less. Hence capitalism is socially irresponsible at its very core. One way around this problem is to increase taxes for the rich, but as we've already seen, the rich don't like taxes and take their money somewhere where they can make a buck without paying any.

The only sensible, sustainable long term strategy for humanity is to turn away from capitalism, which has been shown time and time again to be socially irresponsible and replace it with a system of social responsibility which allows for fair and regulated growth. The system in question is socialism - do not confuse with communism, which in its implementation is usually just state capitalism.

Answer 2

During the few hours after WW2 ended, my dad was in Singapore. He saw money lying in the streets because it was valueless. All the shops had been destroyed.
This can happen again and proves that the value of money depends on circumstance.
As the rich get richer and richer off the working class, the poor will get poorer and poorer, until we reach a state of utter economical collapse. What are you going to bring with you on a desert island? A briefcase filled with millions so you have something to wipe your butt with?

Answer 3

Much of the wealth of a nation is in the skills and health of the work force. If you mean by social responsibility, taking care that all of our citizens have access to health care and the opportunity to maximize their potential, then there is no conflict.