The Efficiency of Socialism

Discussion in 'Economics & Trade' started by Reiver, Jan 6, 2012.

  1. DaveInFL

    DaveInFL Banned

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    Thats the double-talk of a person immersed in "theory" with no real world experience.

    I'm still waiting on your explanation for throwing out DellaVigna and Kaplan as proof of conservative herd mentality. I think you just googled it up, didn't read it (obviously), and were taken in by the liberal reviewers (who didn't read it either). Sounds like you were trapped in the herd.
     
  2. Reiver

    Reiver Well-Known Member

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    No, its comment from someone that has bothered to refer to economics. My interest in the topic originates from my occupation (SME consultant) and how that has led to specific analysis into firm organisation

    This is random prattle. You've simply misrepresented the paper and hoped for the best. That isn't going to be a successful strategy (at least amongst those who aren't suffering from right wing homogeneity)
     
  3. Anders Hoveland

    Anders Hoveland Banned

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    State-controlled business inefficiency is not any different from capitalist corporate bureaucratic inefficiency. The fact that 70% of the economic activity in most capitalist countries is from large corporations suggests there might not be much difference. China also seems to be doing well with its for-profit state-owned corporation system.
     
  4. Reiver

    Reiver Well-Known Member

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    It is! Private firms can choose the extent that they allow the visible hand of economic planning to replace the allocation power of the invisible hand. They therefore are more agile and more likely to innovate to maintain market power
     

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