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Socialism and scarcity go hand in hand no matter the intentions. It has happened, and it still happens partially. A centralized economy is not flexible enough
by germandiago 5y ago
Socialism and scarcity go hand in hand no matter the intentions. It has happened, and it still happens partially.
A centralized economy is not flexible enough to supply the changing demand or to readjust.
The big leap forward was created, for example, to overtake England (I recall, correct me if I am wrong) in Steel production. In practice what happened is that people run desperate for their lives and died of hunger. Because they did not have the means to do it.
There are way more examples, being this one maybe the biggest disaster, but in essence there is an impossibility to calculate prices and gather information of good quality in a socialist system.
- anigbrowl 5y agoSocialism is not synonymous with central planning (example of a decentralized socialist concept below). I am not an advocate of the latter, though if I were I might point out that highly centralized Amazon seems to operate profitably and efficiently. https://en.wikipedia.org/wiki/Distributism https://en.wikipedia.org/wiki/Distributism
- germandiago 5y agoAmazon works with private capital and under market laws. Not with public capital and under coercion, which is how a socialist system works.