| >> Communism (Which is what this is), has failed. > communist country. The reason Communism has failed is
> because of the lack of checks and balances on power
> compounded with corruption not because of concepts like Socialism did not fail because of corruption - capitalism has this too. Socialism failed because of its inability to put pricing on a product due to lack of a market place.
On the other hand, Socialism had tremendous growth. Hitler (another socialist) said, "The Soviet Union is a rotten house - kick in the front door and the whole house will collapse". This was true in the WWI but in WWII the Soviet Union was a different country, they probably had a higher GDP than Germany. Why? Because Stalin achieved growth rates that may have dwarfed China (controversial, but he may have achieved up to 500% Growth in 13 years based on some estimates). So socialism failed, back to capitalism. Yes, capitalism survived. But how much longer? "There is No Steady State Economy (except at a very basic level)"
http://ourfiniteworld.com/2011/02/21/there-is-no-steady-stat... Limits to Growth–At our doorstep, but not recognized
http://www.resilience.org/stories/2014-02-12/limits-to-growt... Wealth And Energy Consumption Are Inseparable
http://www.declineoftheempire.com/2012/01/wealth-and-energy-... Galactic-Scale Energy
http://physics.ucsd.edu/do-the-math/2011/07/galactic-scale-e... |