"Punishment"? Re: Centralization

[Yoshie Furuhashi]

At 8:40 PM +0000 7/4/02, Justin Schwartz wrote:
>>There would have to be disincentives for making hideous shoes that 
>>no one would buy, but how would you "punish" workers and managers 
>>when there is _no_ punishing unemployment?
>
>They wouldn't make profit, so they'd have less money. At the worst, 
>theit firm would go bankrupt, and they'd have to find another job.
>
>>There wouldn't be
>>unemployment under market socialism of your conception either, right?
>
>Right, except for frictional (when people change jobs).

Wouldn't changing jobs (when the right to some job is guaranteed) be 
a disincentive, not for the workers and managers responsible for 
hideous shoes, but for those who must create new jobs for them?
-- 
Yoshie

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