How does communism/socialism make countries poor?
How does communism/socialism make countries poor?
Isaac Taylor
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Samuel Harris
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Parker Morris
>increase govt spending
>bureaucracy grows
>bureaucracy breeds corruption
>corruption increases govt spending
>capital flight begins
>economic recession follows
>takes measures to spur economy
>increase bureaucracy more
>spending increases
>corruption increases
>power structures centralize
>corruption increases
>bureaucracy increases
>capital flight increases
>finally hit "the wall"
>hyperinflation
>capital flight increases
>can't afford fuel
>recession/depression increases
>no fuel = no food
>recession/depression increases
>civil unrest
>bureaucracy increases
>corruption increases
>central government centralizes more
something like this, it's a cycle and it's not just for "communism/socialism"
Liam Walker
Josiah Green
this
Juan Bell
Central planning is inherently inefficient, and without an incentive provided by the market there is much less innovation and growth. The fact is that in a free market, prices are determined voluntarily and fluidly(although some may argue that some prices are too sticky and require regulation). A government can not do the same, and there will always be an artificial surplus or shortage because of it. See Venezuela, the Soviet Union, ETC. That's about as simple as I can put it.
Ian Lopez
>How does communism/socialism make countries poor?
Sooner or later you run out of other people's money
Tyler Hill
>Third line
Stop Right there. No need to post the rest. That's literally why all human run things fail.
Matthew Johnson
Carter Nguyen
the only way of getting ahead in life for the non-academic is crime/corruption
Sebastian Miller
>193009619
Easton Morris
If you haven't already, I recommend you read Hans Herman Hoppe's Democracy": The God that Failed. You may enjoy it.
Christian Jones
Hoppe is a fool, I've read his essays and he's much like Marx; but at least Marx had the good sense to address the fact that religion exists (and must be persecuted as it's a threat to the state), whereas Hoppe ignores it entirely assuming Kings will be moral due to their "long sighted good nature"
I suggest you read The Theory of Moral Sentiments by Adam Smith
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Noah Torres
This. Plus trying to central plan an economy is retarded. Price discovery fails and the whole thing becomes massively inefficient and wastes capital. That and killing your most productive people off is probably a bad idea.
James Allen
basically all of which happened in my country
ESPECIALLY hyperinflation
Josiah Torres
an eye for an eye makes the whole world blind
Sebastian Cook
People are what makes countries wealthy, if the people do not have money, the country doesn't have money.
Communism/socialism takes wealth away from everyone, and then redistributes it trough inefficient programs. Every single time they do this wealth is lost.
You can take 1 million dollars from a millionaire, then redistribute it. It will come back to the people as 50K dollars at best. The rest of it goes into paying wages for government people and the rest goes into the ether.
After the redistribution is done people are poorer than they were before it.
Justin Morales
I expect to see hyperinflation in my lifetime in the US, typically capital flight begins at near 77% debt-to-GDP ratio and the us is currently at 105% and growing.
Dominic James
Because wealth is almost universally created by individuals seeking profit.
Xavier Hill
Survival of the un-fittest.
Idiocracy.
Choose your term
Christopher Thomas
The US will never see anything close to the inflation crisis in Zim. Not even a FRACTION.
Austin Fisher
What makes you say that?