[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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