RE: What is your opinion about Communism?
November 24, 2017 at 2:17 pm
(This post was last modified: November 24, 2017 at 2:22 pm by The Grand Nudger.)
(November 24, 2017 at 1:46 pm)Anomalocaris Wrote: No, but productive capacity of the land is a trivial portion if the total productivity of an advanced economy. But however many problems it exhibited in hindsight, Capital markets have done far better than any system of central planning in allocating the bulk of capital resource and maximizing the productive potentsdvsnce developed advanced industrial or post industrial economy.The beef seems to be with inefficient central planning. Personally, I think that we may have reached a point where, moving forward, the benefits of capitalism no longer outwiegh the costs...and we might find a use for a return to communist models in at least some form..or a hybrid model, as in your example of china.
To put it bluntly, communistic central planning is pretty good at forcing a laggard economy into catching up by overwhelming objections to adopting many of the methods and techniques already pioneered and proven by more advanced economy.
But it is even more ineffective at feeling it's way forward than capitslusm when it is roughly level with advanced capitalistic economies, and both systems needs to find their way forward without the benefit of hindsight.
The current state of our capitalist market mimics poor central planning so brilliantly that I find it difficult to wholeheartedly buy into the semi-mythical attributes of capitalism and it's generous self appraisal in light of a biased assessment of past and present. The stock objections to communism as practiced seem to apply one for one with capitalism as employed.
-and I know, people say "well, that's not capitalism, they're doing it wrong"....to which I respond...wait, are we talking communism again?
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