Questions & Answers

  • asked in Finance 18th May '16:

    Which aspect of the economic capitalist cycle has the potential to eradicate poverty?.

    Louis Carlozo replied 24th May '16:

    This is a difficult question to answer without applying some socialist market principles that address the greater good. In the U.S. for example, capitalism has run amok, and there is almost no incentive for companies to skirt environmental, financial or ethical rules. By and large, it's all about making as much money as possible, circumstances be damned.

    However, there is a large thrust among billionaires such as Bill Gates and Warren Buffet to apply vast personal resources to pressing global concerns. Thus, a pinpointed campaign to enlist the wealthy to team with the Gates Foundation, for example, could result in focused efforts to eradicate poverty.

    That is a niche solution, however, and America leads the world in "rugged individualism" vis-a-vis capitalism. Trouble is, you can't pull yourself out of poverty if you start with nothing--a classic chicken-egg scenario.

    View all replies to this question
  • Cathy Liu

    Cathy Liu asked in Finance 24th May '16:

    In your opinion, what do you predict to be next for China, financially and as a global market?.

    Louis Carlozo replied 24th May '16:

    It depends. The addition of a brand new value-added tax either means a revenue bonanza, or a sign the Chinese government is suffering due to a lagging economy--and thus lack of revenue dollars. China's economy needs to mature: It can't undercut the market in clothing, for example, as U.S. companies are now setting up shop in Vietnam, Cambodia and other places where labor is even cheaper. Still, China's a juggernaut and there's no chance its export revenue will collapse anytime soon.

    View all replies to this question
Reset my details