Comment Re:socialism (Score 0) 593
Africa capitalist? check out http://www.capmag.com/article.asp?ID=2000
Here's the thing with poverty. Widespread poverty only exists when governments tax so much that there becomes no point to trying to advance. What's even worse, that wealth is then giving to the so-called less fortunate so they can reap the benefits of other's hard work, giving them no incentive to also improve their situation.
Poverty is something that will always exist in any society, even in a completely free market capitalist system. poverty will always exist because there will always be people too stupid or too lazy to make a good living. Don't get me wrong though, you don't need to be intelligent to live well in a capitalist system. The common man in a capitalist system lives much better off than the average person in say, Africa or south America.
Most countries have a limited amount of economic freedom, the moment you become well off the government starts extorting wealth from you.