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Reply #34: It is a problem with democracy, not with socialism [View All]

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-04-11 07:31 AM
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34. It is a problem with democracy, not with socialism
Popular democracy tends to lead to over consumption by the middle class, thievery by the rich, and an absence of investment for the future.

Socialism, where the means of production are owned by the state, does not have to be democratic.

The USSR and China both demonstrated a high capacity for planning for the future, investing in industrialization, educating the population, and limiting consumption. Both went from underdeveloped agrarian societies to developed and highly industrialized societies within several decades.
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