You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #23: Two books I've read recently -- Parker's Galbraith bio and Stiglitz's second [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
1932 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-19-07 02:39 PM
Response to Reply #18
23. Two books I've read recently -- Parker's Galbraith bio and Stiglitz's second
Edited on Mon Feb-19-07 02:41 PM by 1932
last book -- explain the political-economic debates over socialism vs capitalism vs communism and, unless I'm way off base, as I remember them, they both point out that communists believe that the government should centrally control the economy (and they explain how poorly that has worked, due to the fact that the decision makers in communist countries are too far removed from the marketplace to make efficient choices). They both describe socialism as being more concerned with regulating the marketplace to ensure that inequalities and exploitation can't take place. They describe capitalism as being most concerned with maximizing profits regardless of how much inequality it causes (and how much that inequality determines who has power over whom).

I'll say it again, state ownership of the means of production is the sin qua non of communism and not of socialism, especially from the mid 20th century on. Successful socialist countries today recognize that it's not the interest of the state to decide whether a factory makes shoes or soup in any given year.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC