....it is precisely the unimaginably vast individual economic transactions that occur in a free economy between different individuals, each with his own particular interests and creative entrepreneurial potential, hour by hour, day by day, that obviate any possibility of such a system ever being "socialized" at all. No such human relationships can possibly ever be brought under the control of any central authority or the economic life of a society "planned". The socialization of such a massive, complex, highly interdependent network of human economic relationships means very simply the dismantling and destruction of that network. It also means the destruction of the market forces, especially the price mechanism, through which productive economic activity can be made profitable, and hence, economic growth made possible.
Really...capitalism isn't already socialized? Think about all the things that go into making capitalism work.
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The original person-has the idea for the product
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Banks-to protect capital and give out loans so that the product can start being produced, to get the land
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workers-to provide labor (and a market) for the product to be created and consumed
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The Government-to provide a stable place for an idea to grow and be developed, to provide laws that gurantees property rights, to provide a stable currency, etc etc, etc
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Governmental infrastructure-roads to transport products to markets, water and electricity production to work the factory
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Other businesses-to produce raw materials, components, or to use the product in more complex products
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Communications-used to connect to markets, other businesses, the government, etc
-and so on
See what I mean...modern capitalism isn't one man doing his own thing. It's a vast web of many many entities working together for a product. Cooperation allows for the main product to be produced but also for the production of the other goods and services that help to fuel each other.
Socialism can do nothing else other than eat wealth. It can create none where none was before, but only move it from one set of hands to others in a ever diminishing cycle of economic stagnation and decline.
Well the socialism put forth in Russia wasn't really socialism as defined by Marx. Marx said that capitalism had to come in and create a vast means of production that creates vast surpluses and the technological ability to logistically divide it, which didn't happen in Russia or China. They tried to jump from feudal/dynastic/agrarian forms of economy straight into communism while giving capitalism a good hard look (but never getting into it fully).
"Whatever appears to be against the Book of Mormon is going to be overturned at some time in the future. So we can be pretty open minded."-charity 3/7/07