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Politics : About that Cuban boy, Elian -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (3742)	4/30/2000 12:06:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 9127

Karen - [[...I would never choose socialism. I think it has a fatal flaw in that overall productivity is diminished where individuals cannot benefit proportional to their contributions...]] Another fatal flaw, emphasized by the Austrian school of economics ( Ludwig von Mises in particular ), is the lack of free market price signals in any centrally planned economy. Without free market prices, resources can only be allocated and production decisions made on the basis of the ill-informed whims of the bureaucrats. In spite of being able to peek at some prices in real or partially free foreign economies, socialist economies will always have products that fall into one of two categories, unwanted or out of stock. Regards, Don