Davos, Switzerland (CNN) (http://business.blogs.cnn.com/2012/01/25/is-capitalism-outdated-in-the-21st-century/?hpt=hp_c1) – With the world still shaking from the global economic earthquake, and suffering daily aftershocks from Europe, it is not surprising that the topic at Davos is whether capitalism is dead.

On the opening day, the main debate focused on the question: "Is 20th century capitalism failing 21st century society?"


In the eyes of many workers, and especially young people, the business community "has lost its moral compass," trade union leader Sharan Burrow pointed out in today’s debate. "We must redesign the model. We must reset it,” she urged.

Klaus Schwab, founder of the World Economic Forum, is in no doubt that capitalism is "outdated," and that talent, not capital, should be the main driver of economies.

So far there seems to be a view that capitalism may be the worst form of economy - except for all the others.

Saying that the system needs fixing is the starting point. Leaders like Muhtar Kent, CEO and chairman of Coca Cola, are spending a lot of time here thinking about what might come next. He believes that a new model based around a triangle of government, companies and society is the way forward. But hang on. Didn't we used to call that the "stakeholder economy" in the 1980s? Wasn't the very idea of “stakeholder” designed to broaden the reach of those under the tent? Make more people feel included?


As the failure of capitalism over the past decade shows us, it’s all lip service unless major action is implemented.

While the shift in economic power to the East is undeniable (OK, John Defterios, but that doesn't mean the West is down and out...) no-one should think these emerging markets are great paragons of new model capitalism, spreading wealth and benefits.

There may well be a rising middle class in the BRICS economies, but poverty, disease and a lack of social welfare still abound there.

Since they can’t waste too much time trying to do what they can’t, they are at last willing to talk about what might come next. Now, can someone please tell me what a new model of capitalism might look like? And crucially, how we prevent it becoming just a re-fashioned version of the old?What do you think?

I decided to post this here to get the views of people especially Tanzanians since the socialistic model is ideal for "spreading the wealth around" thereby benefiting the society as a whole even those who do not make an effort to contribute to this cause.

In Tanzania, we still believe; equality, selfless, dignity, justice, moral, peace and tranquillity, are the main ingredients of really national prosperity and really national security.


there is no real peace in the face of inequality, selfishness and immorality.

In Tanzania, we still believe; equality, selfless, dignity, justice, moral, peace and tranquillity, are the main ingredients of really national prosperity and really national security.


there is no real peace in the face of inequality, selfishness and immorality.
I agree though I wont want anyone to expect me to give something I have worked for so hard and I wont expect people to be lazy and expect others to give them handouts. This is why I think socialism breeds laziness at least economically.

I agree though I wont want anyone to expect me to give something I have worked for so hard and I wont expect people to be lazy and expect others to give them handouts. This is why I think socialism breeds laziness at least economically.


I wont want anyone to expect me to give something I have worked for so hard

ecological unit- Public
Teachers: herein means - molecules of the public.
Achievement: herein means - structure
more meanings of Public: - a structure.
molecules: herein means - civil workers

We are all dependant of ecological unit for our survival, when you were born; you using the public facilities [such as schools, hospitals] that neither you nor your dad has built one; neither you nor your dad has been paying the Teacher’s, Doctor's salaries. Teachers/Doctors are paid and Schools/Hospitals were built by the public’s tax. Your achievement/s is/are the result of partly collective effort/hard work.

A structure is composed of molecules.

That is, your achievement, a structure, is a combination/composition of two parts; public and you, necessarily.

So after achievement that is what you have to say for the other part that has been great for you? Can you spot your selfishness now?


:cheers:

I agree though I wont want anyone to expect me to give something I have worked for so hard and I wont expect people to be lazy and expect others to give them handouts. This is why I think socialism breeds laziness at least economically.

if Kenya is not lazy then why is ur economy growing slowest in the region? Or why r u having hunger? can't u do irrigation? Or why aids infection is highest in the region though u r more literate? Isn't that laziness? Pls answer in decent manner!

ecological unit- Public
Teachers: herein means - molecules of the public.
Achievement: herein means - structure
more meanings of Public: - a structure.
molecules: herein means - civil workers

We are all dependant of ecological unit for our survival, when you were born; you using the public facilities [such as schools, hospitals] that neither you nor your dad has built one; neither you nor your dad has been paying the Teacher’s, Doctor's salaries. Teachers/Doctors are paid and Schools/Hospitals were built by the public’s tax. Your achievement/s is/are the result of partly collective effort/hard work.

A structure is composed of molecules.

That is, your achievement, a structure, is a combination/composition of two parts; public and you, necessarily.

So after achievement that is what you have to say for the other part that has been great for you? Can you spot your selfishness now?


:cheers:

This is way too much her to grasp^^:)

if Kenya is not lazy then why is ur economy growing slowest in the region? Or why r u having hunger? can't u do irrigation? Or why aids infection is highest in the region though u r more literate? Isn't that laziness? Pls answer in decent manner!I am not referring to anything Kenyan, Tanzanian, Ugandan e.t.c. I just want views on the two models of economic systems.

Why do you think each is good or bad?That's what we are looking at here.

I am not referring to anything Kenyan, Tanzanian, Ugandan e.t.c. I just want views on the two models of economic systems.

Why do you think each is good or bad?That's what we are looking at here.

But it is obvious that's where u were heading to! can't u post this in Kenyan forum or at least in the East African thread?

ecological unit- Public
Teachers: herein means - molecules of the public.
Achievement: herein means - structure
more meanings of Public: - a structure.
molecules: herein means - civil workers

We are all dependant of ecological unit for our survival, when you were born; you using the public facilities [such as schools, hospitals] that neither you nor your dad has built one; neither you nor your dad has been paying the Teacher’s, Doctor's salaries. Teachers/Doctors are paid and Schools/Hospitals were built by the public’s tax. Your achievement/s is/are the result of partly collective effort/hard work.

A structure is composed of molecules.

That is, your achievement, a structure, is a combination/composition of two parts; public and you, necessarily.

So after achievement that is what you have to say for the other part that has been great for you? Can you spot your selfishness now?


:cheers:That's not necessarily true, we have private schools and hospitals that were not built by the tax payers' money. There are private doctors too!

Meanwhile fellow Tanzanians, we should pick a moderator here!

But it is obvious that's where u were heading to! can't u post this in Kenyan forum or at least in the East African thread?
I just thought Tanzanians are more familiar with the "ujamaa" structure and thus I wanted their views on capitalism as well. Since Kenya is not the only nation having a great capitalistic system, I was not expecting someone to talk about Kenya versus Tanzania or Uganda, I just wanted your views on the original post.

Is capitalism outdated in the 21st century?
^^Discuss

I just thought Tanzanians are more familiar with the "ujamaa" structure and thus I wanted their views on capitalism as well. Since Kenya is not the only nation having a great capitalistic system, I was not expecting someone to talk about Kenya versus Tanzania or Uganda, I just wanted your views on the original post.

man just fuck off there are plenty of socialism models!

man just fuck off there are plenty of socialism models!So what's your take on capitalism that has taken over most parts of the world?That's what I am looking for here.

Do you think its becoming outdated?

What are your reasons for and against?

What has capitalist nations achieved and how have they threaten the world using that system?

How are the socialist countries helping the world?

..and so on...

Meanwhile fellow Tanzanians, we should pick a moderator here!I think we should wait quite a bit because the forum is still new. I am a Tanzanian forumer and so I can volunteer to help you out guys.;)

That's not necessarily true, we have private schools and hospitals that were not built by the tax payers' money. There are private doctors too!

…your logical attention span is extremely poor. In this world, public facilities are the most used facilities in any country.

As a researcher, you need to be objective and not subjective; you should also know that, quantitative data are better than qualitative data, which means, you should congregate as many data as possible and let the evidence draw a conclusion; but you have already concluded and therefore, congregate evidences to support your conclusion. [You voted for capitalism]

…and turn the whole thing into capitalism vs socialism; I am not ready for Mickey-Mouse games with some stupid brats.

on the other hand: I saw the closed thread, with Kenyans bragging to be the leading investors in the country; which display a very poor ability of evaluation.


Volume: herein means: $$$


There are over 250 Kenyan investors in the country, with the VOLUME of less than $1billion. On the other hand, Tanzania and Chinese company has an investment of $7billion [Coal & Ion Ore], Tanzania and Brazil $3billion [power plant] talk less of British.

Your main problem is “fallacy of composition” and “generalization”. There are two facts you have to look to accurately assess investors and investments superiority in the country.

You go wrong by generalizing these two facts, NUMBER of investors and VOLUME of investment.

It’s indubitably true that, Kenyan investors are numerically superior [over 250] and are inferior in terms of volume [over 250 investors = less than $980M] in the country. Coz it will take over 1540 Kenyan investors to match the volume of investment between Tanzanian Government and a single Chinese company. Numerical superiority and volume superiority are two distinct aspects that need to be well segregated for better assessment.

Tanzania is expected to receive an FDI of around $7 billion from just one company, Ophir Energy and its partners British Gas. http://www.thecitizen.co.tz/magazines/-/19243-huge-gas-deposits-found-in-tanzania


You still have a lot to learn. I am not ready for Mickey-Mouse games with some stupid brats.


:cheers:

A hybrid of the two works better.Socialism alone will breed lazyness and uncompetitive tendencies which are detriment to any economy.

A hybrid of the two works better.Socialism alone will breed lazyness and uncompetitive tendencies which are detriment to any economy.

you need to go back to school! or keep your "koroma" out of this, this is not "chekechea"! dark-mule!

I just want views on the two models of economic systems.

Why do you think each is good or bad?That's what we are looking at here.

Capitalism nurtures free enterprise, private ownership, people get to own their own property, everyone has a free opportunity to better themselves, a competitive market helps to keep cost lower for the consumer.Socialism has little merits overall to society at large.

Capitalism nurtures free enterprise, private ownership, people get to own their own property, everyone has a free opportunity to better themselves, a competitive market helps to keep cost lower for the consumer.Socialism has little merits overall to society at large.

Thats why I love being Kenyan:cheers: