Post
Topic
Board Economics
Re: What we need is FAIR markets, not free markets.
by
billyjoeallen
on 07/07/2011, 07:06:53 UTC
- USSR actually worked somehow between 1917 and 1991. of course it was a monstrous thing, but it worked somehow and it actually turned a peasant rural country into a technological superpower.


1. It worked because the politburo had access the the Sears Catalog.  Without it, they would have no idea where to set prices.  see http://en.wikipedia.org/wiki/Economic_calculation_problem

2. It worked because Stalin backed off his land reforms in time to keep the famines from killing everybody.

3. It worked because the black market was tolerated.

4. it became a technological superpoer because the technology/military complex was the only industry group that faced competition (with the West). Competition is good. It makes you stronger.

5. it worked because of Western aid- to fight Hitler, expatriates in Western countries sending remittances home to family members, humanitarian and technological exchanges, etc.

6. Ultimately, it didn't work.