Re: Scarcity - and how capitalism solves it
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Re: Scarcity - and how capitalism solves it         

Group: alt.philosophy · Group Profile
Author: Immortalist
Date: Sep 7, 2008 00:06

On Sep 6, 2:14 am, Fred Weiss papertig.com> wrote:
> On Sep 5, 11:05 pm, Immortalist yahoo.com> wrote:
>
>> As an example the Soviets, when they existed as a left wing form of
>> totalitarianism, invented the satellite,....
>
> Please. All of the basic technology was invented in the West,
> primarily in Germany and the USA. The Soviets usurped it, poured
> billions into it for its propaganda value while their people were
> standing on line for bread.
>

I think I agree but the main point is that inventions come from people
with incentives. All incentives do not come from free enterprise and
competition. What about Galileo etc... before free enterprise was even
formalized into a system of ways and means?
>> ... The
>> unanticipated announcement of Sputnik 1's success precipitated the
>> Sputnik crisis in the United States and ignited the Space Race within
>> the Cold War.
>
> And in a matter of a few years we completely surpassed them.
>
> Are you also forgetting that when the Soviets finally realized they
> could not even remotely "catch us" let alone as Khrushchev boasted,
> "bury us", that their economy completly imploded, i.e. when its false
> facade was finally revealed for the fakery it was. We now know of
> course - despite their apologists attempts to cover it up - that they
> were years, even decades, behind us in almost all areas. Almost all
> Soviet era factories have had to either be closed down or completely
> re-tooled to update them to Western standards.
>
> The concept of scarcity in economics of course does apply - to managed
> economies such as the Soviet where it was rampant in virtually every
> category except perhaps concentration camps.
>
> Fred Weiss
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