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

[DonFerrari]

VGPolyglot said:

DonFerrari said:

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.

Do you know how banks make money? They're not going to loan money to someone if they don't think they'll get any of that money back. So, usually that person has to have a certain level of income or savings, or something in that manner, in order to even get a loan large enough to start up a business. Most people are not going to be able to pay 10k USD back in one month. Also, immigration is now based on prospects, so generally only people that are well-off in the first place are able to immigrate to the US.

Yes I know how bank make money. He didn't make a loan that is the point you didn't understand. He just entered the red on his own account paying obscene interest on it. He didn't picked a lot of money as well.

He couldn't pay back the 10k USD, if his business didn't really take off in 2 month he would go bankrupt totally. For you to have an idea he had to take the debt because his partner dropped from the risk on the week prior to it, he had to sell his old car. So unless we are talking about homeless that have nothing on them (which in developed countries case is the very very very minority of the population) basically no one can say they can't start a business because they don't have money. They may not have the courage, knowledge, insight, etc, but money per see isn't the biggest detrigent. Such is a fact that in Brazil most business are very small and with very little capital.

On the immigration that could be the case today, but those studies show things like 3 generations so it is like accounting immigrants that came 50 years ago and how their grandson are doing.

Leadified said:

DonFerrari said:

Nope, Soviet Union absolutely send people to work and allowed no one to sit idle... and guess what, it had central control instead of social welfare.

Are you a ludist??? Because the fear of automation is some century old.

So you can't answer a simple question so you resort to an ad hominem. You somehow also forgot that you quoted my posts where I was critical of welfare and the Nordic countries being "socialist".

Lol this is a joke, go bug someone else.

How asking if you are a ludist is an ad hominem? I asked that because they believed automation would destroy works, instead it just shifted how work was done and in fact raised everyone earnings and quality of life in the long term.