Socialists never give up trying to prove that socialism can maintain a functioning economy. Some have dragged out a nearly forty year old study as their exhibit A.
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124 sats \ 2 replies \ @south_korea_ln 20 Feb 2024
I hope one day a real-life experiment proves Mises right~~
Austrian economics is still very much a theory, no? Or have there been societies that implemented something very similar?
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0 sats \ 1 reply \ @Undisciplined OP 21 Feb 2024
That's not really how economics progresses as a science. What demonstrates the correctness of Mises' arguments about socialism, is that socialist economies perform so much worse than market economies and in the specific ways Mises anticipated.
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124 sats \ 0 replies \ @south_korea_ln 21 Feb 2024
Right, it's not an exact science. Interesting read, tnx for sharing.
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0 sats \ 2 replies \ @AJ1992 20 Feb 2024
It can. Look at how much smoother and better most of Europe is. No one does because they can't afford cancer treatments or insulin, is really the only point I need to make.
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0 sats \ 1 reply \ @AJ1992 20 Feb 2024
Oh and have you seen their incredible high speed trains and subway systems and interstates?
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0 sats \ 0 replies \ @Undisciplined OP 21 Feb 2024
Have you seen their per capita GDP that's barely half of America's?
Also, for much of recent history, Europe had freer economies than America, so you're unwittingly countering your own argument.
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