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by lucian1900
1635 days ago
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The number of workplaces isn’t constant. The simplest solution would be to reduce the working week. Another is to use collective funds to improve infrastructure and provide essential services. Planned economies do work, both historically and today. They are immune to the business cycle (as the USSR didn’t experience the Great Depression) and can be more efficient even within capitalist economies (witness Amazon, Apple and Walmart). I recommend “The People’s Republic of Walmart” on this topic. |
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In a capitalist system companies, trying to maximize profit, will try to expand until it is efficient to do so, but not more or smaller competitors will take over.
The USSR was basically constantly in a Great Depression. According to the US definition of poverty almost all its population was in extreme poverty.
The Great Depression was a Government failure, not a market failure. They didn't print enough money basically.