Alexander Hamilton would be proud

[Arraya]

Some would say what is going on today is a communist conspiracy. Others would say it’s the natural progression of capitalism. Was Marx sewing the seeds for a totalitarian takeover or just a visionary. Interesting times…

http://en.wikipedia.org/wiki/Karl_Marx

Marx argued that capitalism, like previous socioeconomic systems, will produce internal tensions which will lead to its destruction.[2] Just as capitalism replaced feudalism, capitalism itself will be displaced by communism, a classless society which emerges after a transitional period—socialism—in which the state would be nothing else but the revolutionary dictatorship of the proletariat.[3][4][5]
On the one hand, Marx argued for a systemic understanding of socioeconomic change. On this model, it is the structural contradictions within capitalism which necessitate its end, giving way to communism:

[Arraya]

Some would say what is going on today is a communist conspiracy. Others would say it’s the natural progression of capitalism. Was Marx sewing the seeds for a totalitarian takeover or just a visionary. Interesting times…

http://en.wikipedia.org/wiki/Karl_Marx

Marx argued that capitalism, like previous socioeconomic systems, will produce internal tensions which will lead to its destruction.[2] Just as capitalism replaced feudalism, capitalism itself will be displaced by communism, a classless society which emerges after a transitional period—socialism—in which the state would be nothing else but the revolutionary dictatorship of the proletariat.[3][4][5]
On the one hand, Marx argued for a systemic understanding of socioeconomic change. On this model, it is the structural contradictions within capitalism which necessitate its end, giving way to communism:

[Arraya]

Some would say what is going on today is a communist conspiracy. Others would say it’s the natural progression of capitalism. Was Marx sewing the seeds for a totalitarian takeover or just a visionary. Interesting times…

http://en.wikipedia.org/wiki/Karl_Marx

Marx argued that capitalism, like previous socioeconomic systems, will produce internal tensions which will lead to its destruction.[2] Just as capitalism replaced feudalism, capitalism itself will be displaced by communism, a classless society which emerges after a transitional period—socialism—in which the state would be nothing else but the revolutionary dictatorship of the proletariat.[3][4][5]
On the one hand, Marx argued for a systemic understanding of socioeconomic change. On this model, it is the structural contradictions within capitalism which necessitate its end, giving way to communism:

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Carl Veritas]

Karl saw the recurring boom and bust that accompanied the arrival of the industrial revolution.
He concluded that the flaw lies deep within the market system itself, and what was needed to correct it was
massive government intervention. He didn’t make the connection to the banking practice at the time.

The old Soviet Unions socialist economy failed precisely because it did not have capitalists nor markets. They had government planners.

Fluctuating prices in the free market aligns production with consumption. A rising price for something signals entrepreneurs that there’s profit in producing that something. Private property are then mobilized to meet the demand by profit- seeking, loss avoiding capitalists. Profits (or lack of) reveals if their endeavor and methods are sound.
The recurring shortages in socialist economies occur because their planners cannot make those economic calculations.

Karl’s vision was thrown out by the Russians and the Cubans are still standing in long lines.

[Author]

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