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They only exist on paper. They've never existed in reality. I'm tired of people throwing those words around as if they are a barometer of how things should be.An economy is an economy. An economy should be ran on the basis of what works, not on some fantasy driven ideology that are instruments for propaganda.
They only exist on paper. They've never existed in reality. I'm tired of people throwing those words around as if they are a barometer of how things should be.An economy is an economy. An economy should be ran on the basis of what works, not on some fantasy driven ideology that are instruments for propaganda.
True. Neither in its pure form works in real life with real human nature. Marxists and Ayn Rand followers are deleusional utopians even if they reject the term because they believe that their system in its pure form will magically result in the best condition.
Even Adam Smith said Capitalism with no regulations, oversight, or rules is self destructive. Socialism just sucks. There is no perfect system, its ever changing based on the circumstances. The irony of communism is that it pulled many backward Eastern European countries out of poverty and gave people a job, education, and a fairly decent standard of living(at least compared to what they were used to). Although it was an awful system, the circumstances at the time made communism look good and helped at least in some ways to modernize these countries for their eventual transition into market oriented capitalist countries.
Even Adam Smith said Capitalism with no regulations, oversight, or rules is self destructive. Socialism just sucks. There is no perfect system, its ever changing based on the circumstances. The irony of communism is that it pulled many backward Eastern European countries out of poverty and gave people a job, education, and a fairly decent standard of living(at least compared to what they were used to). Although it was an awful system, the circumstances at the time made communism look good and helped at least in some ways to modernize these countries for their eventual transition into market oriented capitalist countries.
Adam Smiths said a lot of things, many of them were wacked.
Division of labors principals say that humans are inherently meant to work under management. The problem is with his philosophy...he did not believe that humans were inherently different and that any differences expressed through the product of labor were a result in the division of the labor.
a.k.a all workers were the same, by nature.
What does that sound like to you?
It's no surprise that Marxists consider him one of their main influences.
Also, Adam Smith was a hack, as I have mentioned before in other threads. He contradicted himself in Wealth of Nations repeatedly on many wage issues.
They only exist on paper. They've never existed in reality. I'm tired of people throwing those words around as if they are a barometer of how things should be.An economy is an economy. An economy should be ran on the basis of what works, not on some fantasy driven ideology that are instruments for propaganda.
I respectfully have to disagree with this. We have to have a theoretical basis for our economy like with any other system.
I go to a park where there are lots of ducks and the parks people have posted signs warning people 'do not feed the ducks' (of course people, especially children, can't resist and do it anyway). The parks people have determined that in theory the birds will be better off if left to fend for themselves. But it's counterintuitive to people (especially children) that a hungry duck is better off if you don't give it bread. Giving the hungry duck a piece of bread is seen as 'what works' to help the duck. But as the parks people will tell you, it doesn't. Not in the long run.
They only exist on paper. They've never existed in reality. I'm tired of people throwing those words around as if they are a barometer of how things should be.An economy is an economy. An economy should be ran on the basis of what works, not on some fantasy driven ideology that are instruments for propaganda.
You don't understand the difference between capitalism and socialism.
Hear, hear....great thread. Neither ideology by itself can run a country, but no country can succeed without elements of both.
I very much have to agree with this!
Well stated my friend.
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