[lbo-talk] Soros, Volcker, Depression, Nationalization
Miles Jackson
cqmv at pdx.edu
Mon Feb 23 20:23:23 PST 2009
Doug Henwood wrote:
>
> On Feb 23, 2009, at 1:10 AM, Miles Jackson wrote:
>
>> On the contrary: we have all kinds of successful socialist economic
>> production, even if we limit ourselves to the U. S. Why people think
>> in terms to philosophical abstractions here rather than actual,
>> concrete examples such as public libraries and public roads is a
>> mystery to me.
>
>
> These are fine examples, but they're also services that are not well-
> provided for by private entities. You've got a steeper hill to climb
> when it comes to consumer goods.
>
> Doug
My half-serious response: the current economic crisis demonstrates that
the capitalist economic system is not all that great at distributing
consumer goods (we've got lots of people who need stuff and
underutilization of existing economic capacity). But I take your point.
Miles
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