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


To: Freedom Fighter who wrote (124012)8/10/2010 2:49:13 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
>>Communism/socialism can't work because a collection of politicians can't possibly allocate capital better than a market can.<<

that's the theory.

the reality is that nobody has ever tried to allocate the capital for the benefit of society - so the theory has never even been tested (i'm not arguing it isn't true, just arguing it hasn't ever been tested).

they allocate it for the benefit of themselves - and in that way the dictatorial plutocracies have worked fabulous... for the dictatorial plutocrats.



To: Freedom Fighter who wrote (124012)8/11/2010 9:49:22 AM
From: Freedom Fighter  Respond to of 132070
 
Even IMF admits the US will be bankrupt on current course.

bloomberg.com