3 ms·
In theory, theory and practice are the same. In practice, they are not. What people have to understand is that these programs are self-defeating and incredibl
by robomartin 7y ago
In theory, theory and practice are the same. In practice, they are not.
What people have to understand is that these programs are self-defeating and incredibly destructive in the long term. They establish a base-level cost structure that is inescapable --short of some kind of a revolutionary movement.
Faced with that, businesses and capital get the hell out as soon as they can. They do this because it is FAR easier to move your operations to another State or outsource all you can to China than to fight for decades against an ideology that has effectively pitted the unthinking public (while convincing them they actually think) against the very foundations of how it is we can live as we do: Entrepreneurship, risk taking, commerce and, yes, capitalism, even if imperfect.
Just look at what China has been able to accomplish in just 50 years. They did not do that through central planning and UBI. They are far from perfect, but they got the capitalism part mostly right, and it shows.