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Gym+Fritz's avatar

Good post.

Socialism, in some form, will always be with us.

Perhaps its truest form was some of the early, primitive, Christian groups; where concepts such as sharing, helping, equality, community, brotherhood (the good side of human nature) were practiced. The darker side of human nature, however, is always lurking in the form of envy, power, arbitrary rules, etc. Even some moderate / neutral elements of human nature (meritocracy, competitiveness, and the need for “leadership”) undermine socialism.

Too bad it doesn’t work, at least not in the long run.

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Michael A Alexander's avatar

An economy that shows growth in per capita GDP over time is a capitalist economy. This is because the only way you can grow an economy is by growing the amount of capital in the economy and that process IS capitalism (that's why it is called capitalism).

If the government owns the means of production this is state capitalism. So, yes the USSR was state capitalism, not socialism.

Socialism is when all the corporations are owned by the workers or the community. These can compete in a free market and it could look a lot like what we have now except there would be no stock market. I am not sure there has ever been a socialist economy.

As far as I can tell, communism is a bizarro system in which the economy is first organized as state capitalism. Somehow the state is then supposed to wither away (huh?) leaving some sort of socialism? It is as I said, bizzaro.

Even among private, free market capitalisms there are different kinds, depending on the rules and structures imposed by the state on the operation of that capitalism. For example, in Germany labor unions participate in corporate management (they have seats on the board). This is called Rhenish capitalism.

In America, tax and other policy affects the kind of capitalism one gets. America had "SC capitalism" focuses on growing non-financial capital operative in the decades after WW II and since around 1980 has had "SP capitalism" focused on building financial capital.

https://mikealexander.substack.com/p/how-economic-culture-evolves

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