Communism vs. Free market capitalism

[Ringo]

 

[otto105]

Pros and Contras for both?

Im no economics expert i have no idea, i know in the west they had better consumer goods, so the people in communist countries wanted to escape to the west, because they also wanted mercedes benz large shopping malls, coca cola etc.

We don’t have an Adam smith type capitalism. We have a managed system with laws and regulations.

 

[Ringo]

 

[Quentin111]

"Free market capitalism" is as imaginary as a benevolent dictatorship.
"Communism", as a term, has come to mean Marxist-Leninist-Stalinist authoritarianism. It is justly viewed as vile and inhuman.
Aspects of capitalism can be constructive and creative. Communal action can be enormously beneficial to those involved. Balanced and reasoned application of the lessons history has for us would be the intelligent approach. Therefor, it is probably out of the question, given the refusal of people to make the effort to think.

I think that the struggle between the supporters of communism and capitalism will disappear when machines are so smart that they will completely do the work instead of people.

 

[Quentin111]

Pros and Contras for both?

Im no economics expert i have no idea, i know in the west they had better consumer goods, so the people in communist countries wanted to escape to the west, because they also wanted mercedes benz large shopping malls, coca cola etc.

In fact, everything turned out a little differently. In the 1990s, during the transition from socialism to capitalism in Russia, the impoverishment of wide circles of the population and rampant crime took place. This happened against the backdrop of low oil prices. As a result, in the elections to the State Duma in 1993, and in the presidential elections in 1996, the communists enjoyed wide support from the population.

 

[Ringo]

I think that the struggle between the supporters of communism and capitalism will disappear when machines are so smart that they will completely do the work instead of people.

Why would the capitalist elite need people then? They will keep a few million as personal servants and prefer to get rid of the rest - why feed a useless population? This is against capitalism's law of profit.

 

[there4eyeM]

Why would the capitalist elite need people then? They will keep a few million as personal servants and prefer to get rid of the rest - why feed a useless population? This is against capitalism's law of profit.

Interesting question.

 

[Ringo]