Capitalism: The biggest humanitarian effort

Corporate revenues projected in billions and millions had become the headline of today’s daily news. When most never bother to care for that, quite a few looks up on it like a hawk waiting to snatch the opportunity hidden behind it. For the above mentioned ‘Most’, the corporate projection of revenues are linked to huge profits often exploiting humanitarian reasons and causes. As they look upon the corporate with their altruistic eyes, the most important still resides in the abyss.

Even though many have tried to come up with a statistics in the past, the fact still remain in the dark. Moreover the political or social environment doesn’t want to reveal that for its own reason. The fact is that Capitalism or Capitalism lead corporate innovation and policies are the single largest humanitarian effort in the world than any other. The rate at which Capitalism can bring out people from poverty is unimaginable. We would consider an example. In India, the rate at which people are coming out of poverty after 1991 when the economy was liberated is considerably high compared to the period we followed Nehruvian policies. The rate at which the farm sector is subsidized is made possible by the taxes it collects in the form of corporate tax. And when people argue for the reliability and inequality in the society, it was not communicated that it is because of the improper implementation of Capitalism.

The revolution brought in by the hospital and automobile sector saving hundreds of thousands of human lives, is another significant indirect humanitarian effort which Capitalism brought in. Obviously there are a few places where the humanitarian approach can create disaster. One such example is how we approach the social menace of begging. In layman’s terms it’s helping the poor. But there comes the capitalist exploitation of humanitarian values, which can worsen the economic situation by increasing the number of beggars within the potential social environment instead of prompting him to find a job. Even this kind of approach is communicated as stupid capitalist thoughts.

It is another misconception that the monopoly the corporate or other world trading bodies has, can create disaster by leading people to poverty. But the fact is that, in a clear capitalist implementation, nobody is GOD, even the monopolistic organization has to follow the market rules, which in turn benefits the poor. It was a wide misconception that OPEC can decide on how world economies run, in the late 60s and early 70s. But when OPEC started to control the market, the market in turn adapted by increasing the productivity of the human resources, i.e. the worlds consumption of oil in producing one GNP unit, decreased drastically by 26% before the oil crisis. This lead to the steady decline in the oil consumption and world saw the fall of oil prices to the pre-depression period. But who finally benefited were the people who increased their productivity and their market value, in turn leading to a more money flow to the people below poverty line.

We all know that no economic or social policies are flawless. It just runs in equilibrium as of now. What needs to be communicated is, what can create a bigger change, how can it impacts the people, how we can bring those millions of poor people out of poverty, how we can educate them and how we can provide a better future for our children where nobody talks about policies but talks about people and what ever you do daily become humanitarian.