We just outlined the debate. I’ve engaged your points. Nothing can compensate for the failure of forced labor economies to produce continuously declining production, and continuously increasing corruption that creates negates initial advantage.
Reply addressees: @PunishedSkelet4
Category: Economics, Finance, and Political Economy
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We just outlined the debate. I’ve engaged your points. Nothing can compensate fo
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And they were wrong, right? Those economists were wrong? I was there in the 70’s
And they were wrong, right? Those economists were wrong? I was there in the 70’s when the soviet failure was obvious, 80’s when we chose to bankrupt it, and 90’s when everything fell apart, and they said ‘well, we didn’t see that coming’ – but we did.
Source date (UTC): 2020-07-21 19:19:16 UTC
Original post: https://twitter.com/i/web/status/1285655604065906689
Reply addressees: @PunishedSkelet4
Replying to: https://twitter.com/i/web/status/1285655034550788097
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And they were wrong, right? Those economists were wrong? I was there in the 70’s
And they were wrong, right? Those economists were wrong? I was there in the 70’s when the soviet failure was obvious, 80’s when we chose to bankrupt it, and 90’s when everything fell apart, and they said ‘well, we didn’t see that coming’ – but we did.
Reply addressees: @PunishedSkelet4 -
So no, it was Russian under-development, rapid industrialization using militariz
So no, it was Russian under-development, rapid industrialization using militarization of the economy, the failure to grasp that while states can concentrate capital to form industries they must immediately be managerially privatized or they turn parasitic. That is a law of econ.
Source date (UTC): 2020-07-21 19:17:30 UTC
Original post: https://twitter.com/i/web/status/1285655158748323841
Reply addressees: @PunishedSkelet4
Replying to: https://twitter.com/i/web/status/1285654239365214210
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So no, it was Russian under-development, rapid industrialization using militariz
So no, it was Russian under-development, rapid industrialization using militarization of the economy, the failure to grasp that while states can concentrate capital to form industries they must immediately be managerially privatized or they turn parasitic. That is a law of econ.
Reply addressees: @PunishedSkelet4 -
Yes, you disagree, you haven’t learned from the failures of the past (china has:
Yes, you disagree, you haven’t learned from the failures of the past (china has: nationalsm+state capitalism+to catch up). And so have we (nationalism + state capitalism to stay ahead). Russia is poor so it can’t take either path and will have to return to forced labor. Simple.
Reply addressees: @PunishedSkelet4 -
Yes, you disagree, you haven’t learned from the failures of the past (china has:
Yes, you disagree, you haven’t learned from the failures of the past (china has: nationalsm+state capitalism+to catch up). And so have we (nationalism + state capitalism to stay ahead). Russia is poor so it can’t take either path and will have to return to forced labor. Simple.
Source date (UTC): 2020-07-21 18:52:21 UTC
Original post: https://twitter.com/i/web/status/1285648830076276736
Reply addressees: @PunishedSkelet4
Replying to: https://twitter.com/i/web/status/1285648189467525120
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So what are we doing to debate then? Adaptive innovative, mixed economies, versu
So what are we doing to debate then? Adaptive innovative, mixed economies, versus a repetition of the soviet and Russian failures of the past? is this a debate over prices and incentives again? What is there to debate other than another promise ‘this time will be different’?
Reply addressees: @PunishedSkelet4 -
So what are we doing to debate then? Adaptive innovative, mixed economies, versu
So what are we doing to debate then? Adaptive innovative, mixed economies, versus a repetition of the soviet and Russian failures of the past? is this a debate over prices and incentives again? What is there to debate other than another promise ‘this time will be different’?
Source date (UTC): 2020-07-21 18:49:30 UTC
Original post: https://twitter.com/i/web/status/1285648108991512581
Reply addressees: @PunishedSkelet4
Replying to: https://twitter.com/i/web/status/1285647263914696705
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Peter. Everyone knows what’s coming.They (a)expect to save the financial sector
Peter. Everyone knows what’s coming.They (a)expect to save the financial sector with cash, (b)expect the middle class to bear it, (d)expect to continue managed decline, (e)expect to keep their jobs through the managed decline.
The middle class will pay and elites are OK with it.
Reply addressees: @PeterSchiff