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The biggest problem I have with capitalism is its value structure. Subordinating people and the environment and everything else for that matter to the pursuit of profit seems bananas to me. The idea of pure unfettered capitalism is crazy. Why shouldn't there be price controls on essential products like bread and milk etc? Why should people who have been born into poverty starve because they can't afford a loaf of bread? Why should the poorest in society die of preventable and treatable diseases because they can't afford to pay for treatment? Why should borders be open to foreign multinationals? Why shouldn't the state own sectors of the economy and why shouldn't there be regulation? Look at what a mess a deregulated financial sector has left us in.
What do you think is better for the people of Bangladesh?
A) A predatory multinational exploiting the vulnerable to work for fuck all, for long hours, and in shitty conditions that are only there for cheap labour so they can maximise profits and if they were forced to pay a decent wage they would move somewhere else. So not a real investment in the country at all. Also the large profits being made will be redistributed among shareholders and bonuses to CEO's etc all the money will be making its way to the US or UK except whatever tax is paid to the government. The money/profit being generated will not be spent in Bangladesh so it's not really helping them at all.
B) The Bangladeshi state owning the manufacturing of clothing and investing a decent percentage of profits into the improvement/development of the country.
I think option B would be better for the people of Bangladesh helping them to generate wealth and a strong economy at home while decreasing dependency on quasi foreign investment.
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