npub1d4…g8z5p on Nostr: nprofile1q…2unmw nprofile1q…8hpxz about the last point. In a communist economy ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqaxmrvkyyh6muj6jcd3md7j0zu0z78hlr0uh7huu5v5lgs98y0yksa2unmw (nprofile…unmw) nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqkpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qq38hpxz (nprofile…hpxz) about the last point. In a communist economy the state decides how production is organised, how many people should be making bricks, how many people should be building cars and so on.
It is not for profit in the sense that there is no individual gaining the profits of those factories. The factories may make a profit, it could then be decided whether to reinvest that in the same factory or somewhere else.
It is the state to decide what the economy does, this means politicians, since they generally represent the state. Of course you can organise it in different ways: you don't necessarily need the prime minister to be there every day saying alright, the next week we need 50k bricks. You'll have comitees studying the economy and taking decisions along those lines.
Then you may have factory directors who'll be tasked with executing those things. We need your factory to produce 50k bricks a month, here is some money employ the necessary people and buy necessary machinery. The factory director will receive a salary, it may be increased if the factory works efficiently but he won't be directly profiting off the factory production.
Do politicians and economists know what is the better for the nation and are very good at organising production? No, not at all; that is not to be expected. On the other hand: are capitalists very good at the same? I would argue also no. Capitalism is a good system because it requires no bureaucracy to function, it functions automatically. It however also has plenty drawbacks for the people.
In communism do people at the top really make no profits? Well, there always will be corruption and power grabbing. But that is not really the point. The economy is organised in a different way. It is not capitalists deciding what a nation should produce in order to make profit for themselves. It is rather the government deciding what should be made on a national level.
Communism is one example of an economy type in which production is not controlled by capitalists for profit. It is not the only one.
The Soviet Union has failed under many fronts, but a 5 years plan appears like a wonderful way to organise the expansion of production. In capitalism you get that freely, but you also get a bunch of stupid people messing things up: 1929 crisis, dot com bubble, 2008 crisis these are all directly related to capitalism. Such a crisis can happen only in a capitalist economy, as it happens due to the expectations of profits of the people.
It is not for profit in the sense that there is no individual gaining the profits of those factories. The factories may make a profit, it could then be decided whether to reinvest that in the same factory or somewhere else.
It is the state to decide what the economy does, this means politicians, since they generally represent the state. Of course you can organise it in different ways: you don't necessarily need the prime minister to be there every day saying alright, the next week we need 50k bricks. You'll have comitees studying the economy and taking decisions along those lines.
Then you may have factory directors who'll be tasked with executing those things. We need your factory to produce 50k bricks a month, here is some money employ the necessary people and buy necessary machinery. The factory director will receive a salary, it may be increased if the factory works efficiently but he won't be directly profiting off the factory production.
Do politicians and economists know what is the better for the nation and are very good at organising production? No, not at all; that is not to be expected. On the other hand: are capitalists very good at the same? I would argue also no. Capitalism is a good system because it requires no bureaucracy to function, it functions automatically. It however also has plenty drawbacks for the people.
In communism do people at the top really make no profits? Well, there always will be corruption and power grabbing. But that is not really the point. The economy is organised in a different way. It is not capitalists deciding what a nation should produce in order to make profit for themselves. It is rather the government deciding what should be made on a national level.
Communism is one example of an economy type in which production is not controlled by capitalists for profit. It is not the only one.
The Soviet Union has failed under many fronts, but a 5 years plan appears like a wonderful way to organise the expansion of production. In capitalism you get that freely, but you also get a bunch of stupid people messing things up: 1929 crisis, dot com bubble, 2008 crisis these are all directly related to capitalism. Such a crisis can happen only in a capitalist economy, as it happens due to the expectations of profits of the people.