What is "socialism"? - An attempt to clear up myths/misconceptions

[DonFerrari]

VGPolyglot said:

DonFerrari said:

https://exame.abril.com.br/pme/empresario-que-ja-dormiu-na-rua-hoje-fatura-r-4-bi/

And I'll give you even more

www.meusucesso.com

Almost all its case are based on people that came from nowhere to revenue multimillions.

The originator of the idea is a guy that not knowing how to speak English but selling it for some time (and having a good wage at the time) opened a school without any money using the "cheque especial" (that in Brazil cost about 14-30% interest per month) to finance the first 2 months of operation.

I am not fluent in Portuguese, so I only have limited understanding of what those articles say. But you say right there "having a good wage at the time", so wouldn't that mean that he needed money to finance it?

Nope, he didn't had any money to finance it (talking about the creator of mysucesso.com) he took an indirect loan on the bank. Like he took something like 10k USD that he would have to pay back the next month 12k USD for the principal and interest.

The other one, the homeless, didn't had any money at all.

There is another that started as a waitress on a road barbecue parlor. He and his brother (while living in poverty at their families house) saved up to 90% of their income for several months/years to rent their first space and start their barbecue who would become "Fogo de Chão".

There is also famous Silvio Santos who started as low middle class family, buying things from the wholesale and selling on the ferryboat and today is the owner of the second biggest TV in Brazil and several other business.

In fact it's possible that the rate of self made man turned billionarie isn't that much of than milionaries who turned off billionaires...

Want another sneak peek? There is one study showing that the average income from families that came as recent immigrants to be higher than americans... which show that even people that came without money and even understanding english were developing faster... this wikipedia have at least somewhat a way for you to start looking https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

 

The biggest issue with socialism and communism is their fight to end inequality instead of poverty... Capitalism have fought poverty greatly while also increasing inequalities in some places.