The story so far ...
It all started when mr. F left a comment on a recent posting of mine. Anyone who links through to the recent posting of his that he refers to in his comment will see that he has started to boycott a few multinational corporations.
Long time readers of this blog will know that I'm a reader of The Economist magazine, and some of my views do match the editorials that I read there. So I felt that I had to leave a comment on mr. F's recent posting saying
GB: "I must say, it seems like a pretty arbitrary list [of corporations], because there are so many multinational companies these days. Monopoly is capitalism's big problem. I would argue that over the last 200 years or so, capitalism has been very successful in raising the living standard of Western society. However the system does seem to tend towards monopolies, and as you suggest, monopolies are bad news!"
In response to that, a few hours ago mr. F left a comment on another recent posting of mine saying
mr. F: "Capitalism has improved the standards of living in western societies but destroyed so many others to achieve that. Look at Africa and Asia. Who made that mess? Themselves?"
The implication of the comment is that both Asia and Africa are 'a mess'. I agree that there are problems in Africa, but I cannot agree that the same is true about Asia, far from it. Asia is currently billed as the economic powerhouse of the future, especially China. I also think that since the colonial era passed away about 40 years ago, at this point third world countries are mainly responsible for any problems that they may face.
Anyway, having cobbled together the story so far, does anyone else have anything to say on the subject?
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