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Thread: Is American Capitalism Morally Bankrupt?
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Old 11-20-2013, 08:49 PM
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Originally Posted by Challenger View Post
Capitalism is not bankrupt, Capitalist in some cases are. The world is a tough place, but no system has ever come close to capitalism in producing prosperity for the greatest number of people. Our poor are wealthy compared to the needy in other countries , Go to Mumbi, Ja****a almost anywhere in urban africa and then reflect on the concept of poverty. The rich can only do a few things with their money; spend it(producing jobs and employment) give it away( helping others that are not so rich) or invest( providing the capital to build and grow commerce=jobs and income to others).

Bill Gates, Warren Buffet and 18 to 20 other Capitalists have just vowed to give at least half of the fortunes to charity. Hard to imagine that action as morally bankrupt.
Excellent post and spot on.