We (economists) know perfectly well why the socialist and communist systems don’t and can’t ever work: (a) incentives produce declines in production in exchange for increases in corruption free riding and rent. (b) economic calculation of investment is impossible. ( c) “Humans”.
Source date (UTC): 2020-01-15 13:25:22 UTC
Original post: https://twitter.com/i/web/status/1217437622341115904
Reply addressees: @Steve_Sailer
Replying to: https://twitter.com/i/web/status/1217436734637707266
IN REPLY TO:
Unknown author
@Steve_Sailer But Soviet education, science,and commons production were far ahead of USA’s.The error is probably on both sides in that the market and private production are optimums for the middle and up,and non-market for physical commons better for working class and down: serving each other.
Original post: https://x.com/i/web/status/1217436734637707266
IN REPLY TO:
@curtdoolittle
@Steve_Sailer But Soviet education, science,and commons production were far ahead of USA’s.The error is probably on both sides in that the market and private production are optimums for the middle and up,and non-market for physical commons better for working class and down: serving each other.
Original post: https://x.com/i/web/status/1217436734637707266
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