Africa Speaks Reasoning Forum

Capitalism is the social solution to racism

...Capitalism is a system of individual rights -- it is a necessary political condition to the banishment of racism, where it results in the violation of individual rights. The only protection a man needs from racism is the protection of his rights -- specifically protection from the initiation of force, whether it be a knife held at ones throat by a Black Panther, or the noose held by a member of the KKK.

Observe the great American "melting pot" where the warring tribes of Europe who were busy killing each other in their homeland, were able to live relatively peacefully together. What principle was the cause of this? Politically, the principle of individual rights -- the foundation of capitalism....

http://capitalism.org/faq/racism.htm

Has capitalism really solved our problems or has it exacerbated them?

Capitalism: The World's Salvation?

LOL!!! [smiley=laugh4.gif]

That's a good one!

They came together to exploit better. But they faught like cats and dogs over the colonies. All the guns on the slave 'castles' are facing out to sea... WWI & II?... Germany wanted their share of the colonial booty...

How can the system that caused racism(it was needed as an excuse to exploit all non-Europeans/whites) cure it?

The fact they mentioned "a knife from a Black Panther"  FIRST(as if the Black Panthers ever hurst any white folks with knives...and I could have sworn they had guns)... quite telling...

The dysfunctional society: US billionaires on the rise—roads, bridges in decay

By Jamie Chapman and Kate Randall
22 March 2004

Two recent reports cast light on the impact of growing social inequality in the US. The first, the annual inventory of the very rich compiled this month by the business magazine Forbes, tracks the wealth of the world’s billionaires, and their increasing numbers in the US. The second is the “report card” issued by the American Society of Civil Engineers (ASCE) on the state of the infrastructure in the United States.

Together these studies provide a devastating exposure of the price being paid—in the form of basic necessities of daily life—for the ongoing process of diverting ever-greater sums of the national wealth into the personal investments portfolios and bank accounts of the super-rich in America.

Forbes reports that the world’s billionaires counted 691 among their number in 2005, an increase of over 100 in just a year’s time. The aggregate wealth of this handful of men and women reached $2.2 trillion, an increase of $300 billion in just one year. On average, the net worth of each is nearly $3.2 billion.

More than half of these billionaires—341—are in the US, a jump of 69 over last year. But while the ranks, and personal fortunes, of these super-rich has risen, there has been a corresponding deterioration of the basic infrastructure relied upon by ordinary Americans in their everyday life—roads, railroads, public schools, and other basic necessities. In many cases, these structures are literally crumbling.Full Article (http://www.wsws.org/articles/2005/mar2005/forb-m22.shtml)

USA Today article on Black Spending Habits

These are tough economic times, especially for African-Americans, for whom the unemployment rate is more than 10%. Alarmingly, rather

than belt-tightening, the response has been to spend more. In many poor neighborhoods, one is likely to notice satellite dishes and expensive new cars.

According to Target Market, a company that tracks black consumer spending, blacks spends a significant amount of their income on Depreciable products.

In 2002, the year the economy nose-dived;

we spent $22.9 billion ($22,900,000,000.00) on clothes,
$3.2 billion ($3,000,000,000.00) on electronics and
$11.6 billion ($11,000,000,000.00) on furniture to put into homes
that, in many cases, were rented.

Among our favorite purchases are cars and liquor.

Blacks make up only 12% of the U.S population, yet account for 30% of the country's Scotch consumption.

Detroit, which is 80% black, is the world's No.1 market for Cognac (Pass The Co---------).

So impressed was Lincoln with the $46.7 billion ($46,000,000,000) that blacks spent on cars that the automaker commissioned Sean "P. Diddy" Combs, the entertainment and fashion mogul, to design a limited-edition Navigator replete with six plasma screens, three DVD players and a Sony PlayStation 2.

The only area where blacks seem to be cutting back on spending is books; total purchases have gone from a high of $356 million in 2000 to $303 million in 2002. This shortsighted behavior, motivated by a desire for instant gratification and social acceptance, comes at the expense of our future.

The National Urban League's "State of Black America 2004" report found that fewer than 50% of black families owned their homes compared with more than 70% of whites.

According to published reports, the Ariel Mutual Funds/Charles Schwab 2003 Black Investor Survey found that when comparing households where blacks and whites had roughly the same household incomes, whites saved nearly 20% more each month for retirement, and 30% of African-Americans earning $100,000 a year had less than $5,000 in retirement savings.

While 79% of whites invest in the stock market, only 61% of African-Americans do. Certainly, higher rates of unemployment, income disparity and credit discrimination are financial impediments to the economic vitality of blacks, but so are our consumer tastes.

By finding the courage to change our spending habits, we might be surprised at how far the $631 billion ($631,000,000,00000) we now earn might take us.

http://www.afronet.net/document.php?id=48

Not only is racism a good thing but so is capitalism its good so people can notice the large gap between the human races and its going to get worse, more famine more biological diseases and war more insanity from the human race, the human race has to go to the point where its like if the devil has possessed us all then we will start to demand changes AMEN.