• 0 Posts
  • 27 Comments
Joined 1 year ago
cake
Cake day: July 10th, 2023

help-circle










  • Rooty@lemmy.worldtoMemes@lemmy.mlHow i feel on Lemmy
    link
    fedilink
    arrow-up
    4
    arrow-down
    2
    ·
    1 year ago

    Yugoslavia was a market economy in eastern europe under socialism.

    There was a limited amount of pseudo-private “workers collective” (OOUR) companies starting from the mid 70s all the way to the breakup. It was certainly not a market economy in any meaningful way. The entire economy was propped up by foreign loans, which was a cause of so much inflation that the currency had to be re-adjusted twice, starting from the late 60s.







  • Even if the data collection software was perfectly informed in regards to goods and services (very doubtful) it is still a bad idea to put the reins of economy into the hands of a few people. Consolidation of state power and the power of capital into a single entity has resulted in totalitarian regimes. Even the examples listed are basically exemplars of everything bad about modern corporations. Putting politicians in charge of such a system won’t automatically make it a force for good.


  • Rooty@lemmy.worldtoMemes@lemmy.mlDecaying capitalism always end in fascism.
    link
    fedilink
    arrow-up
    12
    arrow-down
    10
    ·
    edit-2
    1 year ago

    Planned economies are grossly inefficent, a handful of planners creating chains of production results on an economy that works only on paper.

    Marxism works as a critique of lassiez-faire capitalism, but as a standalone system always results in the creation od totalitarian regimes. A well regulated market economy, with publicly funded infrastructure and services has the best of both worlds.