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Haiti Economic System Analysis

765 Words4 Pages

There are many different types of economic systems, but some are more superior to others in different situations. The two situations that I will look at are which economic system is best suited for handling a crisis of epic proportions and if a socialist system is the best to respond to a natural disaster like the earthquake that occurred in Haiti on January 2010. I will also explain how the laws of supply and demand work in an economic system during the winter time. Many countries have faced handling crises of epic proportions throughout history like hurricanes, floods, blizzards, forest fires, volcanic eruptions, etc. The reason some countries did better than others when responding to those crises was dependent on which economic system …show more content…

According to Anglin, M., & Harris, B. (2014): “The key services that a socialist system provides are education, transportation, and healthcare” (http://www.wisegeek.com/what-is-the-difference-between-capitalism-and-socialism.htm). In a socialist system these key services that the government manages and own are for the people. They are not for making profit, but for providing value back to the people of that country. That’s the biggest thing that socialist system has over a capitalist system. Its goods and services are for the citizens to use and not for profit first. It does not mean though that there are not businesses for profits, they are just more difficult to start and own in a socialist …show more content…

A socialist system would have enabled Haiti to invest and improve on the key services it would have been providing for its citizens like hospitals. According to Ashley Smith (2010): “The earthquake toppled poorly constructed houses, hotels, hospitals and even the capital’s main political buildings, including the presidential palace” (http://socialistworker.org/2010/01/14/catastrophe-in-haiti). The hospitals should have been in the position to withstand an earthquake. As that’s one of the key services a socialist system looks after is providing healthcare to its citizens, but Haiti was not investing in those key services for its citizens. They should have had better constructed hospitals before the earthquake stuck. Also a socialist system makes it first priority about the citizens and would have done everything in its power to save lives in Haiti. This is not the same in a Capitalist system as the key services are not always owned by the government. The for-profit companies may not think it is worth their effort to assist when a crisis strikes. They can also use these times for their advantage and make a lot of money, because they can demand a lot more for their services in crisis

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Instead of splitting the population and using hardworking people unfairly, socialism allows an equal share among everyone so there is not a huge split between the wealth of a group. The packers and factory leaders all use the

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As I stated before, to this day, many American’s disagree with the idea of socialism. One of the reasons why they dislike it is because it makes those of higher statuses and wealth or in power lose their opportunity to grow their businesses and become much bigger and more

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124 Words | 1 Pages

In the future to prevent Haiti from greater damage by natural disasters Haiti should do the following actions: To prevent Causalities in future disasters Haiti should give warning to all residents about the disaster predicted and get to the safest place possible. You could get to a safe place in your city/town were you can prevent serious injuries and deaths. People In Haiti could have a plan run by the community or council and all should know what to do if something horrific occurs, that way the town will be safe and knowledgeable about how to protect themselves. These three proposals could prevent further impact in the future from natural disasters and the citizens of Haiti to be safe and aware at all times.

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1679 Words | 7 Pages

In the article Poverty and The Gospel: The Case of Haiti written by Dieumeme Noelliste, the author states that “Although situated in a region of the world classified as middle income, Haiti has never moved remotely close to that status during its life as a nation” (Noelliste). This is due to the fact that the unorganized government has never made a constant effort to help its citizens with the limited resources they have. There are little to no laws to protect the nation from poverty, the justice is completely obsolete. According to the article Haiti Sees Drop in Poverty Rates, but Inequality Remains written by the journalist Jaqueline Charles, relief efforts have been attempted by the government and social programs of Haiti, over 47 percent of households reported receiving some type of aid. However, the government and social programs cannot continue to provide this small aid, “The problem now is as aid declines, how do you sustain that?”

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1759 Words | 8 Pages

Not only does Haiti not have the resources due to money issues for attempting to fix their infrastructures but they still want to be independent. “Haiti immediately needs $40 million to get its grid back to pre-quake status and pay its 2,500 workers...the payroll above is $15 million a month-as well as provide power to million of Haitians who can’t afford it.” (Associated Press). This explains how Haiti can’t pay for their infrastructure if they can’t even afford to pay for their workers. Haiti’s government wouldn’t help the country after a disaster due to them using money on themselves and things which generally aren’t beneficial to the to the people and the

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1093 Words | 5 Pages

According to the Chambers Concise Dictionary (2009) Capitalism is defined as “An economic system based on private, rather than state, ownership of businesses, factories, transport services, etc., with free competition and profit-making.” And Socialism is defined as “A political doctrine or system, which aims to create a classless society by removing the nation’s wealth (land, industries, transport systems etc.) Out of private and

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1268 Words | 6 Pages

After the longest dictatorship in history, Haiti still can’t get their government to work right. Lower class people were always so far away from the elite class and it caused problems within the country. Elites wanted to be able to use the lower class for money and labor, but not actually even see them and come into contact with them. Haiti is always split in two; elite and lower class, French and Creole, Christian and Vodou, rural and urban. With such a huge split all throughout the country, they cannot hope to ever really unite to make it a better place for its

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1017 Words | 5 Pages

Background Haiti is an island which is located in the Greater Antilles of the Caribbean Sea, the island is 27,750 square kilometers in size and has approximately 10.8 million people, which ranks it the first populous country in the Caribbean. Despite, Haiti vast population 80 percent of the people live below the poverty line hence, half of the citizens are malnourished. In terms of healthcare systems, the island positions last in the western hemispheres and one of the world worst healthcare system due to their lacking sanitation systems, poor nutrition and insufficient health services, which continues to prevent Haiti development. In addition, for generations Haiti has

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924 Words | 4 Pages

Haiti, a sovereign state located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean Sea, is one of the world 's poorest and least developed countries. Same to other developing countries, Haiti developed agriculture instead of industry. Furthermore, Haiti is a country which always happened flooding, droughts, hurricanes and other meteorological disasters that were mainly caused by climate change. These disasters did affect Haiti a lot in the aspect of economy change, diseases like malaria or cholera caused by tropical Cyclone hotspots and vulnerability and adaptive capability of this country. First of all, hurricanes and droughts caused by climate change produced a very big effect on economy of Haiti.

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513 Words | 3 Pages

1) Which economic system is best suited for handling a crisis of epic proportions? Economic system is a system allowing exchange of goods and services in a society. There are various system such as communism, socialism and capitalism. Every system has their unique way in order to run the society. What if there is a disaster?

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2206 Words | 9 Pages

In the country of Haiti there are two groups of people the haves and the have not's. The need of the élite and the need of the masses are two completely different needs. In order for the elites who are running the country to meet their need, they allow the international country, mainly the US to exploit Haiti, in order for them to fulfil their own interest. The dependency theory has manifested itself in Haiti in four different ways, "foreign ownership of the Key resource, the mode of operation of multinational corporations, the parlous state of domestic agriculture, the austere lending policies of The IMF World Bank group" (pg. 51 Dependency and socialism in the modern Caribbean). These four different components put together are the main contributors to haiti's dependence to the international

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942 Words | 4 Pages

Power is not evenly distributed in the country and there are times where the citizens will try to rectify that imbalance of power. Other times, citizens will just accept their place in society without making any political waves. Haiti is much more a collectivist society rather than an individual society because family is crucial in the Haitian household. This is because it can take several incomes and individuals to pool their resources together to sustain life.

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732 Words | 3 Pages

Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes. Pros and Cons Proponents of both systems have continually argued which economic system is better. Both have their advantages and disadvantages. Capitalism makes sure that an economy will produce the best products and that these are priced reasonably.

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871 Words | 4 Pages

The individual by pursuing his economic self-interest simultaneously profits the all others’ economic self-interest of that society. Since each individual acts unhampered by government rules in capitalism, it causes the creation of wealth in a very efficient manner which then ultimately causes the rise of the living standard, the increase of the economic opportunities, and the rise of the supply of products. Therefore, when an economy functions with a free-market system everyone has the chance to create wealth for himself and in the same time he simultaneously creates opportunities for everyone else interests. This means that while the rich becomes richer the even poor one becomes richer. Such like, the Capitalism serves everyone for achieving their economic self-interest, including non-capitalists.

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913 Words | 4 Pages

Socialism aimed to close a gap between rich and poor, it disagree with capitalist system because socialism believe that capitalism creates disparity in society. Unlike communism, socialism

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