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Well, China is doing pretty OK and they are to the socialist side of the continuum. And, as long as we are trading isolated examples to prove general theories,
by forkandwait 16y ago
Well, China is doing pretty OK and they are to the socialist side of the continuum.
And, as long as we are trading isolated examples to prove general theories, what country is on the capitalist side of the spectrum and doing notably well? For bonus points, find me a nation that bet the farm on innovative securities and is doing especially well.
Don't get me wrong, I love markets and entrepeneurship (sp?); I just tend toward the Rockefeller Republican / Conservative Democrat zone, in which we believe that (1) the important thing is the details of governance (tax policy details, not debates about whether taxes are good) and (2) that "society" is more fundamental than "the market."
- tkahn6 16y agoWell, Brazil is doing pretty well. My point was not to prove a general theory by isolated example - simply to provide a counterpoint. I think it's more fruitful to compare the economic/moral philosophies of these systems than to compare examples of them. Primarily because no isolated example is a paragon of its stated parent philosophy and (more practically) because a Marxist country doesn't exist and a capitalist country doesn't exist to compare. And I'm genuinely curious how you separate tax policy debate from whether taxes are good. I don't think any socioeconomic system says all taxes are bad, but they do differ on what it is moral to tax for.
- loewenskind 16y agoA pure capitalist country was tried in Chile though. They had to back out the "purity" pretty quickly.