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This is kind of similar to how the USSR industrialised in the 1930s. Western nations were simply stunned at the rate of change, and while we now know it was und
by fiala__ 8y ago
This is kind of similar to how the USSR industrialised in the 1930s. Western nations were simply stunned at the rate of change, and while we now know it was underscored by unspeakable atrocities, it still applies that such a tightly controlled economy can be very agile and responsive to threats such as climate change.
- bluGill 8y agoA tightly controlled economy is better able to do whatever the leaders are interested in. The capitalists response is yes, but a less regulated economy gets there only a little slower anyway, while because it is trying more things it can get to something better instead. It is easy to see what we gained by whatever was done in the past, but it is hard to see what we gave up because we didn't choose to do something else.
- jchanimal 8y agoAssuming the best ideas can get funding.
- bluGill 8y agoOf course. However your have a better chance because whoever funds the best idea gets the rewards for doing so. It is chance in the end.
- nicoburns 8y agoThis falls down when the costs are things like environmental externalities though, because the companies exploiting these make more money despite producing less overall value for society.
- Synaesthesia 8y agoThe atrocities were very much avoidable and unnecessary though.
- epicureanideal 8y agoYes, while reading the Gulag Archipelago about the forced labor camps and how people would be worked to death or freeze due to inadequate clothing, it definitely seemed the atrocities held back faster progress rather than promoted it. If they had been more humane they might've industrialized even faster.