- 01 Mar 2017 22:00
#14781257
Love it or hate it, globalisation and free markets have made 'The West' very wealthy indeed. Even the poor, who consider themselves disregarded and left behind as the fatcats in wall street have lined their pockets, are in comparison to Stalin's Russia working class wealthy, well fed and more importantly have greater working rights than their communist brothers. The don't need to work themselves to death and even have time off for holidays and leisure activities. If the poor dissent, they don't get shot or punished for speaking out. Today they enjoy all the freedoms that a liberal society can offer. Wealth, when shared out correctly through tax credits or welfare can work for everybody. But first you need wealth in order to have money to spread out. And wealth is linked to enterprise. But there are other factors to consider to. Compare Victorian Britain to the UK today. The 19th century UK was the wealthiest country in the world. But was the poor better off then or now? What is making the difference? Was Adam Smith or Marx correct about captialism and free markets? When you compare Soviet Russia to captialist America, whose poor were better off during the cold war? What was the overall reason for the fall of the iron curtain?