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35 sats \ 2 replies \ @Rothbardian_fanatic OP 13 May \ parent \ on: Wealth Generation and the Market Economy econ
Do you mean something not like the bullet train in California, for instance? Or the famous, holes that you pay people to dig and then bury again with a jar of money at the bottom? The point you are making is very important, people have to want the produced good and pay for it, themselves. State funding, purchasing and making do not count in this scenario!
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20 sats \ 1 reply \ @Undisciplined 13 May
If people had understood this, they never would have worried about the USSR surpassing America and they wouldn't be worried about the Chinese today.
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26 sats \ 0 replies \ @Rothbardian_fanatic OP 13 May
I think that they would have had to have read Hayek’s acceptance speech for the Nobel Prize!! Pretense of Knowledge, indeed!
I think anybody would profit from and rest easy about commercial competition after reading that one. Another point to consider, the progressive/lefty/collectivist/Marxist/socialist/communist/murderers cannot give straight data, on population, on economy or on health. I read recently that the more accurate estimation of Chinese population may be about 478 million. Why should we worry about them at all?
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