Somalis on Capitalism


It started with a new project for new houses but people started complaining that they are focusing on the wrong thing. Because only 1% of the people could afford these houses while the majority of the country is living in third world poverty without proper infrastructure, schooling, and medical help.


She brings up a good point that a lot of people from the Diaspora claim they are coming to rebuild but in reality want to coast an easy life while the locals continue to suffer. I don't believe in socialism because it's a stepping stone for communism but this blatant disparity between the rich and the poor will get worse in Somalia. I think it'd be best if people used the tools they learned in foreign countries and use them to build schools, hospitals, and governments. Things that we really need to build a stable country for generations to come. Building these hotels and houses are good but they aren't helping anyone but the few that can afford them.
 
Dont bite the hand that feeds you. Somalis back home survive off the remittances we the diaspora send.
Sending welfare in cash is useless, it just makes people lazy, look at Sweden. Using money to build educational institutions where they can learn how to work for themselves is a much better option than monthly checks.
 
I've had a deep think about this issue and ive come to a conclusion.
Somalis need buildings like that.
1. It attracts other rich diaspora who eventually compete to build up somalia
2. It provides jobs for somalis
3. it provides something to look up to for regular somalis
4.The rich who settle there might start businesses
5. When the next famine hits the locals will know who to go to
 

RasCanjero

It's all so tiresome
VIP
And wealth disparity under capitalism will end it.
Only the rich build shit. They're rich in the first place because you have to first create value in the world to earn riches.

It might get corrupted in future generations but as long you have reasonable taxes and social mobility you can't go wrong.
 
Those people who build houses also are the people who build schools and wells/mosques.

The Free Market isnt a european idea its the natural way of the world and general culture of Africa for millenia. Socialism wont work at this stage of our development similiar to how communalism wouldnt work at this stage of humanity either. Capitalism also seems to be the general way of the Islamic world I dont see how it could be so evil but never brought up in the Quran this socialist nonsense seems to be mostly peddled online by women or atleast in large amounts compared to those who promote capitalism in my experience I wonder why?
 

Garen

Chliin
VIP
if u want change u need capital and investment in a country like somalia its crucial to attract rich diasporas and make it easier to not only do business but also create businesses creating wealth and by using ur own community as both buyers and workers will keep the money within the community thereby allowing the community to invest in improving , upgrading and quality education fir their kids.
 
Those people who build houses also are the people who build schools and wells/mosques.

The Free Market isnt a european idea its the natural way of the world and general culture of Africa for millenia. Socialism wont work at this stage of our development similiar to how communalism wouldnt work at this stage of humanity either. Capitalism also seems to be the general way of the Islamic world I dont see how it could be so evil but never brought up in the Quran this socialist nonsense seems to be mostly peddled online by women or atleast in large amounts compared to those who promote capitalism in my experience I wonder why?
Free markets are important of course, societies can’t function without them. But, the issue is people w/money go and build houses that they can only afford, without any positive impacts on the locals. If they circulated this money into the general well being, that would be a much better use of capitalism that benefits everyone. I think socialism is just a way of reducing people’s chances. Using capitalistic structures are needed for societies to flourish.

Also, my understanding is that many people dislike the wealth disparity that usually occurs. Even in countries like America where the richest 1% own 40% of the wealth.
 
capitalism is incompatible with an Islamic society that tells you to give charity and take care of the poor when you can. Capitalism tells you to fuck the poor, they didn't work hard enough.
 
I agree with the lady, Somalia doesn’t need houses like that now when we can barely send Somali kids to school. Our priorities are messed up.
 


There is no need for socialism or capitalism. The answer is to study Islamic economics.

Besides, pure capitalism and pure socialism are both extremes. China talks socialism and the US traditionally has talked capitalism but neither of them really follow pure socialism or pure capitalism. Both have a mixed economy.

In general, the answer in a given situation isn't to follow one extreme or another but to follow a middle path.
 

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