Communism versus capitalism
According to Wikipedia, the Economic Calculation Problem as coined by Austrian economist Von Mises states:
… Read more
[…] pricing systems in socialist economies were necessarily deficient because if a public entity owned all the means of production, no rational prices could be obtained for capital goods as they were merely internal transfers of goo
Sometimes you wanna go..
Where everybody knows your name
And they’re always glad you came.
You wanna be where you can see,
The troubles are all the same.
You wanna be where everybody knows your name
The famous theme song of Cheers under today’s identity politics obsessed terms can be renamed to “nobody knows your name” (or don̵… Read more
Yesterday’s article, I concluded with the observation that Communism (and socialism to a lesser degree) rely on lethal force as their primary motivator:
… Read more
How exactly does one plan to move the Communist game theory optimum to one of maximum work yielding infinitesimal individual gain, from one that rewards laziness? It should be easy to see how “le
Communist sympathizers and supporters in western society who have lived a life of relative comfort under a non-Communist system have little to no knowledge of how regimes led by Mao, Stalin, Pol Pot and countless others come about, constantly coming up with rationalizations for their support of an ideology that never worked and will never … Read more