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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (123998)	8/10/2010 7:34:27 AM
From: HPilot	1 Recommendation Read Replies (1) \| Respond to of 132070

power corrupts. absolute, centralized power corrupts absolutely. it was a quick process to enslave the citizens of "communist" countries because everything was centralized up front. A central government which plans everything is part of the Communist system. The fact that it is easy for dictators to rule in such a system is its major failure.

To: Skeeter Bug who wrote (123998)	8/10/2010 1:27:03 PM
From: Freedom Fighter	2 Recommendations Read Replies (2) \| Respond to of 132070

skeeter, Communism/socialism can't work because a collection of politicians can't possibly allocate capital better than a market can. That's not to say that markets are perfect (especially when government interferes in them with tax policy, deficit spending, a central bank that manipulates interest rates and the money supply etc...). However, markets are clearly superior to politicians. The evidence for that is extreme, but the most obvious is how hard it is for any individual to outperform the stock market even though many of those that try are brilliant, have extraordinary educations, large staffs, and are totally dedicated to subsets of the whole market. If it's that hard for the brightest, most educated, hardest workers in our society to outperform markets, imagine how impossible it would be for collection total moronic assholes like Nancy Pelosi etc... LMFAO If a country doesn't allocate capital properly (or at least as well as possible), it is doomed to shortages, gluts, and lower standards of living than it should be. Communism/socialism = guaranteed failure even without the greed and other issues