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Re: Fiz - I haven't read much directly of Adam Smith

By: Fiz in 6TH POPE | Recommend this post (0)
Wed, 21 Sep 22 11:22 PM | 34 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 35749 of 60008
(This msg. is a reply to 35746 by Zimbler0)
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Yes, Zim, I know that. Communism works well for ANTS and BEES, not for humans. That experiment was such a blowout that even totalitarians don't want to get tainted with the broad brush label of "communist".

But that is not a test of the current contenders of Fascism vs. Socialism. And it is actually hard to find a government which is not a blend of Fascist *and* Socialist right now. So it is hard to test "capitalism" vs. socialism, I would say, in the US. The US is *not* anything remotely close to Adam Smith's ideal. And it is *absolutely* not in compliance with Ricardo's Theory of Comparative Advantage.

You may not like it (I don't like it either), but the US is arguably LESS capitalist than China...and ABSOLUTELY less capitalist than what I saw in Russia 12 years ago, and in several other other countries right now.

You need to start with definitions -- not propaganda. It is only propaganda which supports the idea that the US is actually even close to "laissez-faire" capitalist any more. The markets are not free. EVERYTHING mathematical/logical about efficiency/benefits of free markets hinges on Ricardo's premises.


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The above is a reply to the following message:
Fiz - I haven't read much directly of Adam Smith
By: Zimbler0 in 6TH POPE
Wed, 21 Sep 22 11:09 PM 		Msg. 35746 of 60008

>>>
Fiz - I haven't read much directly of Adam Smith

#msg-1212137
>>>

I remember Adam Smith from basic economics. His 'invisible hand' and how free markets will set prices the most efficiently.

Riddle me this batman. Go back forty years or so ago . . . Why is it that Russia had bread lines and shortages of goods while American supermarkets had shelves groaning with breads and all manner of other goodies.

The correct answer is that Russia's government controlled economy blew chunks. While America's capitalists were falling all over each other trying to produce stuff American consumers wanted to buy.

Think about it. If one has three (or more) suppliers competing to sell one something useful or necessary . . . The one with the best or cheapest (or combination there-of) product will get the sales.

Zim.

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