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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: AC Flyer who wrote (40946)11/5/2003 11:47:48 PM
From: elmatador  Respond to of 74559
 
Yes. During a brief period of time, regions of the world in a late stage of development, tried another way to achieve economic progress.

Anglo-Saxon parliamentary democracies were ahead in the game -economically speaking by late 19th century. The backward regions wanted to catch up fast and tried the communist way.

It made sense to have state control over limited economic resources and enforce them. I think in these terms:

For example, if a group of people are deprived of the means of subsistence. Say during a disaster, if let by the law of the strongest or by Laissez Faire, they would all perish.

If the group is ruled, by force, to divide equitatively, the means of subsistence, to ensure the survival of the group, it is OK during that brief period of hardship. Even though we know that the group ruling by force are not subject to the same hardship imposed on the mass under their rule. That happened with Eastern Europe and China.

Now cut to the late seventies. The hardship need not to continue being imposed because we started living in a world of plenty capital and resources. If we recall that Western Europe and Japan had been already reconstructed.

Communist collapse saw an immediate improvement of peoples lives on those regimes, once capital and technologies flown in.

Seen in the overall scheme of things, this brief period of time in mankind's history, is now part fo the history books, and is obvioulsy the issue is always tainted by the propaganda of both regimes.