3 ms·
>the mistakes of communism, where (e.g.) very good research into genetics and psychology was abandoned because people thought it wouldn't be useful, and resourc
by jacalata 11y ago
>the mistakes of communism, where (e.g.) very good research into genetics and psychology was abandoned because people thought it wouldn't be useful, and resources were wasted producing old manufactured goods (inefficient machines and the like) that no-one wanted
Are you taking as given that this never happens under capitalism?
- lmm 11y ago> Are you taking as given that this never happens under capitalism? Of course it's not foolproof. But the feedback loops that supply and demand provide mean that resources are more likely to be spent on things that at least some people want.