Does Capitalism in a worldwide economy create a worldwide standard of living if you dont enforce trade balance

Question

Does Capitalism in a worldwide economy create a worldwide standard of living if you dont enforce trade balance

Answer 1

Capitalism like anything else on this planet can go off-balance and destroy other types of balance...

If this is to happen,Capitalism will be regarded as an evil phenomenon despite its good aspects...The main point is not Capitalism or any other economic or political school by themselves,but "how" this specific trend is treating people and the "real" world.Almost every school depicts its own Utopia and tries to change the "real" world to get to that Utopian picture...Other schools in the past did the same thing and some of them ended in human,economic,and politic disasters...The main problem was that they did not "try" to change the real world and they were not patient enough to understand that "CHANGE TAKES TIME".As a result what they did was NOT change but "destruction".Although the real world kept on existing...It was not the same "world" in a disastrous way and not in a productive way...

Time has proved that "balance" is the most appropriate way to take and regardless of its "nature",it has both short term and long term outcomes.If there is balance between the above-mentioned results,the Utopia will come to existence and will keep on living...However if Capitalism focuses on short term results and moves too fast and ambitiously,the outcome will be disastrous...

Answer 2

No , the simple straight answer is No.

There will always be some highly sought after

product or foodstuff, or other commodity which

would only grow, occur naturally , or whatever

in a given area or country . The controller , maker

producer of this would be richer than anyone else.

For instance, even with things as they are now

I believe that Saudi Arabia and many of it's people

are the richest in the world.