Comment by kylestlb
2 years ago
"communist" countries are simply countries that are still operating within Global Capitalism that happen to be run by parties that are made up of communists. They would also freely admit that. There are no communist countries because communism isn't here yet.
I know. Every failure of communism is because it wasn't really communist! I wonder where the tipping point of "true" communism is? Because the closer one gets to communism, the worse the results.
Free markets, on the other hand, work even if they aren't perfect. The more free they are, the better they work.
On the other hand, countries with more regulated markets such as European nations, the U.K. and Commonwealth nations, and Japan and some of the East Asian Tigers might have less pollution than the United States. You get Americans importing EU baby formula because they are more restrictive about what chemical additives can go into them.
Couldn't it just be argued that free market extremism is as much folly as a pro-central planning position?
> Couldn't it just be argued that free market extremism is as much folly as a pro-central planning position?
The trouble with calling free markets folly is they are enormously successful, in every place and time where they have been tried. The trouble with central economic planning is it always does badly.
BTW, one of the functions of government in a free market is to regulate the externalities - costs of doing business that are not borne by the business. Pollution is the most obvious one of those externalities, so calling a polluting business "extreme free market" is incorrect.
3 replies →
>> Couldn't it just be argued that free market extremism is as much folly as a pro-central planning position?
You shouldn't have a problem demonstrating this then? It's easy to enumerate all failed central planned economies, there really never was one that succeeded. Why don't you give an example of country that failed miserable with millions of deaths because of too much free markets.
14 replies →