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Best economic system?

binhno5
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12/11/2015 4:43:21 AM
Posted: 12 months ago
Most people say communism is a doomed ideology, whenever it was tried it failed. Also they blame application of force by govt, dictatorship; lack of democracy/human rights, lack of economic freedoms/development. They like to give failed examples of this system among which is Russia.
With regards to communism maybe they are right: its such an ideal system where people have communal property, everyone contributes as much as he can, receives as much as he needs, and all of that without any pressure - impossible. Any government no matter how democratic is a coercive machine, you can call it a dictatorship, whatever - it makes people obey the law, puts in prison those who dont; in communist Russia there was no communism, rather socialism with strict laws, pretty much similar to any western country. All people had jobs with medium salary, there was no homeless, hungry, no private property; for some such life seemed extremely boring, so they overthrew the regime.
Meanwhile lets look at whats happening in the world today. In most capitalist systems citizens are desperate to get a job of any kind; slums are growing around major cities; people from all over "developing" world are going to the western world, EU namely by any means, risking their lives on rickety boats, paying lifesavings to smugglers, some even fake wars (like in case with Syria), and all of that in a hopeless quest to get a job, this time salary, conditions dont matter.
Now back to Russia. Unsurprisingly for anyone, miracle did not happen; after crashing of totalitarian regime criminals who had been suppressed by it came to power. First thing they privatized (stole) all public assets, turned it into money and took it to many western countries; second they installed a dictatorship even worse than before; middle class disappeared; no one talks even abt basic human rights - every year thousands die on the streets of cold and starvation; losing a job equals death sentence; all government institutions destroyed; independent juditiary, police are non existent.
Lets turn our eye at the neighboring country Ukraine. Before the 2014 revolution everything was pretty similar to Russia, with only exception that substantial part of population was involved in subsistence farming thus satisfying minimum needs. They removed the pro russian govnt (good) and want to join EU (in the hope to become rich). But EU consists of very strong economies and Ukraine is pretty weak; if EU allows Ukraine membership and implements visa free movement, it will receive 46 mln migrants. Maybe increasing trade with EU would help Ukraine to boost its economy, but not to such level to allow membership. We will see.
It seems that what works for the US will never work in other places. When you allow private property you receive mansions and slums. When you allow free business you get thousands of unemployed. Often after acquiring (stealing ) a lot of wealth a person is not interested in any activity; he just seats there in luxury (protected by state) looking abroad for investment opportunities; there's no law that would make him to start a business in the home country and even if he does theres no incentive to give jobs to people(why should i do it?).
In my view socialist system with a dictatorship type govt which would maintain the basic human rights is what most of the world needs today.
BarbaraLonegstroem
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1/6/2016 10:14:45 AM
Posted: 11 months ago
Hi, I recently read quite good book: Economics of Interconnections by Maciej Zalwert.

He proposed that there is no one ideal/best economic system. In fact every system differs thus for every economic system there should be different solutions introduced. So I sincerely recommend you this book (url: http://www.amazon.com...).

Besides this please read also Keynes and Hayek.
j50wells
Posts: 345
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1/14/2016 1:36:54 AM
Posted: 10 months ago
A lot said here. I will address what I know. Firstly, Russia cannot pull itself out of its demise for several reasons. Putin's mafia machine runs much of the industry. Russia is a lot like the dictatorships of Africa. This will not change except through warfare. Smart thinking idealists much like Jefferson and Washington must fight and overthrow the government, and start a system much like America's. I'm not saying Capitalism is always the best, but we do what works, and Capitalism works, so does Democracy and Separation of Powers.
Another problem with Russia is the people. For eighty years they were brainwashed by the Communists. Many of them do not even know what a free market means. In addition, no one has any business sense. They don't know how to start a business nor save, nor invest. The smart ones left a long time ago and invested their money into the EU or USA, leaving the peasants behind in the muck. Truth is there is very little hope for Russia. It may take a hundred years before they can finally dig their way out of their poverty.