jreeves
Senior Member
- Feb 12, 2008
- 6,588
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Certainly. I'll enlarge on it a bit. It's my contention that the abstract economic notions of the free market economy and the total command economy are both unworkable in practice. Any economy has to contain mixed elements to work effectively. That means that in reality nations which like to say they have free market economies or totally planned economies don't have them at all, it's a bit of self-delusion. You mentioned that "socialistic" economies will fail. I tend to agree that the total social ownership of the means of production has, where it's been tried to date, failed. But a socialist economy isn't identified by universal healthcare or social security, plenty of countries have those programmes but they're not socialist states.
Now, in your view, what's a socialist economy?
I lose you there??