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economic growth
Re: economic growth
by jaws » Mon 30 Jan 2006, 01:04:42
$this->bbcode_second_pass_quote('Odin', 'C')apitalism and Socialism refer to who has the ultimate control over the economy. Free Market economy and Command economy refer to how goods and serves are distributed.
In a Free Market (also known as capitalist economy) goods are not "distributed". A good is only created for the purposes of the creator, thus it is upon its creation the property of its creator.
The concept of distribution only applies under collective ownership of capital goods. Then the overlords must decide for whom the goods are being created.
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jaws - Heavy Crude
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Re: economic growth
by Odin » Tue 31 Jan 2006, 00:25:39
$this->bbcode_second_pass_quote('jaws', '')$this->bbcode_second_pass_quote('Odin', 'C')apitalism and Socialism refer to who has the ultimate control over the economy. Free Market economy and Command economy refer to how goods and serves are distributed.
In a Free Market (also known as capitalist economy) goods are not "distributed". A good is only created for the purposes of the creator, thus it is upon its creation the property of its creator.
The concept of distribution only applies under collective ownership of capital goods. Then the overlords must decide for whom the goods are being created.
All economics is about the distrobution of scarce goods and services. The market does it by supply and demand. A planned economy does it by government fiat. Your using the same right-wing spin that is used when oppsing "rationing" in a nationalized healthcare system. Our healthcare system rations just as much as Canada's sytem, exept that our system rations based on ability to pay. Supply and demand pricing and currency is just rationing under another name.
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Odin - Peat
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