The #1 reason I signed up on SomaliSpot.

[Deactivated]

The only reason I'm on this forum is because, believe it or not, the crockpots on here actually have answers to our problems unwittingly.

As a capitalist I noticed the business forum is dry and barren, while the political forum is filled with answers to every problem, but none if you will every return home and start a business in any infant industry.

"Every Gobol wuu Guuley" is the motto cushitic capitalist must learn.

My question to you the Political guys is that; when you come up with a great idea to stop foreign fishing companies as an example; why don't you describe ways of raising capital, traveling to said invaders country and opening a trading business and court their fisheries sector into buying your fish? Why not just lease a vessel? Why not cease a foreign vessel and just keep it for yourself?

We all know who kept Somalia on life support in 91--it was the entrepreneurs. They helped people secure thier homes and charged fees to send you images of the destruction. They set up money transfer companies so you can take care of your families, the started airlines to bring you into the country. They imported goods, opened clinics and even bought buses to transport people around the country.

Why is everyone on her fixed on politics?

As a capitalist, the market will favour you if you adopted some of the ideas you guys mention into your operational manual. From sustainability, resource management, human capital training and so on and so on.

So I ask, why do you political gurus give us capitalist just great ideas on this forum?

Or better yet, you know when companies launch a product or a beta software that can get consumer feedback prior to launch? Well, that's what this forum is for capitalist. I didn't come here to learn about your Qabil. I came here to learn how to give them jobs and get a ROI.

Somalis future is in Private Equity and yet you neefs keep promoting inequality.

 

[Prince Abubu]

Capitalism is unsustainable. It will soon come to an end.

 

[Zayd]

Capitalism is unsustainable. It will soon come to an end.

It encourages the laity to seek out meaningless material goals, the western world is largely capitalist, it is also being held up by a monetary system that is imaginary and binary, a Fiat economy is also unsustainable.

 

[Deactivated]

Capitalism is unsustainable. It will soon come to an end.

Says the guy who doesn't have a dollar in the market.

I told Somali friend of mine who thinks like you that I bought stocks of so and so.

He replied "Oh the market will crash--buug kaac juug"

I never spoke to him again.

 

[Zayd]

Says the guy who doesn't have a dollar in the market.

I told Somali friend of mine who thinks like you that I bought stocks of so and so.

He replied "Oh the market will crash--buug kaac juug"

I never spoke to him again.

He has a point, the market is undergoing is experiencing it's largest bubble, bigger than the housing bubble that led to the global recession of 2008, it's only a matter of time that this bubble the market is in will crash, and when it does everyone that had a stock in it will suffer.

 

[jugjugwacwac]

Unfettered capitalism is evil and has caused immense suffering the world over.

 

[Deactivated]

It encourages the laity to seek out meaningless material goals, the western world is largely capitalist, it is also being held up by a monetary system that is imaginary and binary, a Fiat economy is also unsustainable.

Do you know the single biggest threat to you as a diaspora business owner when youstart a successful business in Somalia?

Getting taxed by the country you just left. You will get taxed for the money you make in Somalia if you ever return to America for example. This is something non of your political junkies never mention.

Somalias future highnet worth individuals will have thier money in onshore save havens like Hong Kong, Singapore and Malaysia.

But you still want to blame capitalist eh.

 

[black]

Capitalism doesn't endorse inefficient governing, corruption and instability. Nor does it imply you should turn a blind eye to it. And perhaps I'm being pedantic, but capitalism doesn't mean a free market at all. Two different things.

People are fixed on politics because it's one of the major ills that keeps us bound in place. We have never had a capable government, not now and not in Barre's time. He was at best a zookeeper, not a leader. The Russians were appalled at the inefficiency of the regime. As recent as 2012 iirc $130m dollars that was meant to be used by the government went entirely unaccounted for. A year before that $70m CASH went missing. Somalia is a mess, struggling to draw investments from its own people, let alone strangers. It only makes sense we get our house in order before fantasizing about an unrealistic corporatocratic future. We need to crawl before we walk.

As a professed capitalist and business man, how the hell can you believe instability and lack of security doesn't stunt business growth? Basic governance is quintessential to real business development period. No ifs or buts, and Somalia is not the exception to this as you seem to believe.

 

[Steamdevolopment]

Unfettered capitalism is evil and has caused immense suffering the world over.

Scandinavia has in many ways found the goldilock of systems incorporating capitalism with social-democratic governance and economics to even out the inequality and create a stable middle class.


However the mechanics of capitalism is not working fast enough to reduce climate change but then again countries like Denmark can pay their way out of it.

 

[Deactivated]

He has a point, the market is undergoing is experiencing it's largest bubble, bigger than the housing bubble that led to the global recession of 2008, it's only a matter of time that this bubble the market is in will crash, and when it does everyone that had a stock in it will suffer.

The market always corrects itself. But how come Somalis love to talk about the plunder while sitting on the bench?

If you had money in the market you would never speak with anyone who into market conspiracy theories--especially Somalis who believe everything is a conspiracy.

 

[merka]

Money rules politics. If you want politicians to do what you say then be prepared to have the wealth to pay them off.

 

[jugjugwacwac]

Capitalism is good for the capable individuals but bad for the collective/masses. As a ethno-nationalist I care for the collective when it comes to Somalis, so would never support unfettered capitalism in Somalia. But as someone living in the West I love capitalism because I happen to be lucky enough to be capable. And keyword is luck, I could have every well been born without my advantages, relegating me to the underclass as just another casualty of the market.

 

[MARAQ DIGAAG]

Capitalism is unsustainable. It will soon come to an end.

Econominigis .!

 

[Zayd]

Capitalism is good for the capable individuals but bad for the collective/masses. As a ethnic-nationalist I care for the collective when it comes to Somalis, so would never support unfettered capitalism in Somalia. But as someone living in the West I love capitalism because I happen to be lucky enough to be capable. And keyword is luck, I could have every well been born without my advantages, relegating me to the underclass as a victim of the market.

The first part of your post I agree with, the 2nd however has left me a tad bit confused, wouldn't you hate for others what you would hate for yourself? I.e those Somalis or people born with disadvantages and having no luck or chance at prospering in a capitalist economy.

 

[Deactivated]

Capitalism doesn't endorse inefficient governing, corruption and instability. Nor does it imply you should turn a blind eye to it. And perhaps I'm being pedantic, but capitalism doesn't mean a free market at all. Two different things.

People are fixed on politics because it's one of the major ills that keeps us bound in place. We have never had a capable government, not now and not in Barre's time. He was at best a zookeeper, not a leader. The Russians were appalled at the inefficiency of the regime. As recent as 2012 iirc $130m dollars that was meant to be used by the government went entirely unaccounted for. A year before that $70m CASH went missing. Somalia is a mess, struggling to draw investments from its own people, let alone strangers. It only makes sense we get our house in order before fantasizing about an unrealistic corporatocratic future. We need to crawl before we walk.

As a professed capitalist and business man, how the hell can you believe instability and lack of security doesn't stunt business growth? Basic governance is quintessential to real business development period. No ifs or buts, and Somalia is not the exception to this as you seem to believe.

When South Korea had economic reform the military leaders in charge formed an economic council. They approached several businesses including what is today Samsung. Guess what they asked them?

...The regime told the business elites we will write you a blank cheque if you can tell us what you need. The rest was history.

I would rather have a Somalia like Korea were people jump off bridges because and commit suicide because the culture of hard work and competition, than to have people do sucide bombings.

Go to Korea today! They got there because of Capitalism the Korean way. Somalia needs to do it the Somali way.

 

[Prince Abubu]

South Korea is highly advanced technologically, but socially it is third-world. The only countries closest to the right balance are the Scandinavian countries and the Swiss.

 

[jugjugwacwac]

The first part of your post I agree with, the 2nd however has left me a tad bit confused, wouldn't you hate for others what you would hate for yourself? I.e those Somalis or people born with disadvantages and having no luck or chance at prospering in a capitalist economy.

I meant I don't care for the gaalo and non-Somalis that I am competing with here. But yes, wallahi I feel for the Somalis here who have little to no shot at prospering. But luckily Canada, especially my province of Ontario, is not really capitalist. There are many social safety nets that assure that everyone will have a roof over their head, healthcare ,food to eat and even attend university if they want to.

 

[Zayd]

I meant I don't care for the gaalo and non-Somalis that I am competing with here. But yes, wallahi I feel for the Somalis here who have little to no shot at prospering. But luckily Canada, especially my province of Ontario, is not really capitalist. There are many social safety nets that assure that everyone will have a roof over their head, healthcare ,food to eat and even attend university if they want to.

A true and ethno nationalist.

 

[jugjugwacwac]

South Korea is highly advanced technologically, but socially it is third-world. The only countries closest to the right balance are the Scandinavian countries and the Swiss.

What do u mean socially it's third world? Any examples?

 

[Deactivated]

South Korea is highly advanced technologically, but socially it is third-world. The only countries closes to the right balance are the Scandinavian countries and the Swiss.

I read many of your posts. They heavily lean towards political affirmations.

We have a very small population and people will always be taken care of. We know Somalis want social services and a country that won't leave anyone behind.

This is why Singaporeans property market is 80% subsidized housing.

The unfortunate will be taken care of.

What I'm talking about is Capitalist system and brands our country.

Somalia slogan must be "Green. Safe. Tolerant"