3 ms·

I mean that the private sector is the main driving force of the American economy. Companies exist to create profit for their owners and shareholders with any so

by yogthos 4mo ago

I mean that the private sector is the main driving force of the American economy. Companies exist to create profit for their owners and shareholders with any social good they produce being strictly incidental. The purpose of work is to create profit for people who own capital. This is basically the opposite of how state owned economy worked in USSR.

andsoitis 4mo ago
> I mean that the private sector is the main driving force of the American economy. That, my friend, is a great thing indeed. > This is basically the opposite of how state owned economy worked in USSR. Have you paused to consider that that was an MAJOR reason for its collapse?
- yogthos 4mo ago
  It demonstrably is not for the vast majority of the population. Also, the fact that economy was state owned absolutely was not the major reason for its collapse. But I guess you might think that if you haven't spent any time actually learning about USSR. It's fall was primarily driven by political factors and a failure to reform, rather than having anything to do with state ownership itself. And of course, many successful economies today, such as China, Singapore, and even Norway, feature large state-owned sectors. The USSR disintegrated due to its inability to adapt and modernize while Gorbachev's political reforms unleashed nationalist movements the system could not contain, while the economy was too rigid to respond to change.
  - andsoitis 4mo ago
    Centralization, uniformity, resistance to challenging the status quo, etc. lead to single points of failure. Diversity, competition, making mistakes are superior.
    - yogthos 4mo ago
      Except that capitalist competition is precisely what leads to centralization and concentration of capital. The way competition works is that winners grow making it harder for new players to enter the market. You need more up front capital to even try while the existing players get to leverage economies of scale, and if a new company becomes a threat they can just buy it out or run it out of business. That's precisely how current tech monopolies were born with smaller companies like WhatsApp, YouTube, Instagram, and so on, all being absorbed by a handful of giants. You're just regurgitating slogans here without any actual understanding of the subject.

by yogthos 4mo ago

andsoitis 4mo ago

> I mean that the private sector is the main driving force of the American economy. That, my friend, is a great thing indeed. > This is basically the opposite of how state owned economy worked in USSR. Have you paused to consider that that was an MAJOR reason for its collapse?

yogthos 4mo ago
It demonstrably is not for the vast majority of the population. Also, the fact that economy was state owned absolutely was not the major reason for its collapse. But I guess you might think that if you haven't spent any time actually learning about USSR. It's fall was primarily driven by political factors and a failure to reform, rather than having anything to do with state ownership itself. And of course, many successful economies today, such as China, Singapore, and even Norway, feature large state-owned sectors. The USSR disintegrated due to its inability to adapt and modernize while Gorbachev's political reforms unleashed nationalist movements the system could not contain, while the economy was too rigid to respond to change.
- andsoitis 4mo ago
  Centralization, uniformity, resistance to challenging the status quo, etc. lead to single points of failure. Diversity, competition, making mistakes are superior.
  - yogthos 4mo ago
    Except that capitalist competition is precisely what leads to centralization and concentration of capital. The way competition works is that winners grow making it harder for new players to enter the market. You need more up front capital to even try while the existing players get to leverage economies of scale, and if a new company becomes a threat they can just buy it out or run it out of business. That's precisely how current tech monopolies were born with smaller companies like WhatsApp, YouTube, Instagram, and so on, all being absorbed by a handful of giants. You're just regurgitating slogans here without any actual understanding of the subject.