https://mises.org/blog/price-contro ls-are-disastrous-venezu

High time preference. Gibs now > economic prosperity through saving and hard work latter (possibly only the generation).

>>3172806
>mises.org
now post a buzzfeed link next time

>>3172806

A CENTRALLY PLANNED ECONOMY IS THE ONLY WAY TO HAVE CONTROL OVER THE ECONOMY; WITHOUT CONTROL OF THE ECONOMY, THE NATION CANNOT BE AUTONOMOUS.

Also people are fucking retarded. I mean, just talk to them. This is why all the ancients thought that democracy was the worst political system short of tyranny.

>>3172820
The next* generation

>>3172826
>free market economics is wrong
>muh marxism theory
kys commie scum.

So why is it that planned economies don't work? What does the free market do that we can't replicate?

>>3172838
https://www.youtube.com/watch?v=FuTO2XUUlzs

take a basic economics course.

File: 1482892909335.png (2MB, 2441x2362px)

2MB, 2441x2362px

>>3172806

>NOT MUH REAL GOMMUNISM!

>>3172838

It's extremely hard to figure out how to properly allocate resources without having some sort of market system. For example, how on earth would you determine the proper price for a ton of steel? Or a gallon of milk? Or a pig or cow? In a market-based system, it is very easy, because the market determines pricing on its own.

>>3172864
The free market is the only reason why you need to assign "prices" to thinks in the first place. Really a central economy would just decide how much stuff needs to be produced. Got 50 million people in the country? Then make enough food to feed 50 million people.

>>3172918
>decide how much stuff needs to be produced

Prices do this more efficiently.

The government's role is to manage market failures, not replace the market altogether.

Keynes and FDR, not Marx and Lenin okay

>>3172918

>Really a central economy would just decide how much stuff needs to be produced.

And how could you possibly do that without some sort of pricing system?

>>3172932

This person understands what is going on.

>>3172918
how do you define the prices for every good in the economy?

candy?
a par of shoes?
a diferent brand of shoes?
tennies?
hundreds of diferent brand of toys?

how do you decide what to produce from a list of products that is basically millions, every one of them competing for the same limited resources and at the same time how do you know people need or want such product in every little town.

And doing that without a massive bureocratic system that will cripple your economy, stiffle the production.

What if the planners decide to produce more of something that people dont want rather than something people would rather have.

It's a nightmare.

>>3172806
China utilizes hybrid capitalist + state planned economy.

Same with singapore, south korea, and I believe Japan.

It works when you have goods to produce and allies. In China's case, its ally was USSR first, then US.

Venezuela has no allies. Bunch of sanctions placed upon it by the western nations.

>>3173202
Chinese love more private property than americans, faggot.

they're commies in name, but they fucking love capitalism.

>>3172836
why the fuck are you name fagging