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Has there been research that shows why countries with communism, socialism, monarchies have failed economies that consider following;?
1. Regardless of any form of political affiliation or style of economy if there's corruption, leadership that has poor oversight, leadership that has poor accountability, and poor practices in place to consider longevity then one can't say that the failure of a country's system of economy is not due to their political affiliation or system of the economy it's due to corruption and incompetence of leadership and any economy will struggle if there's incompetence and corruption in individuals in pivotal leadership positions
2. To determine if a country system of economy is a failure one must also look at the fact that if the country has been restricted by other countries due to embargoes then one can say that the economic downfall that that country is enduring has more to do with being sabotaged by other countries than by their own merits
If we want to say a system of economy is bad then it's important so understand how much of the failures of that system have to do with failure to properly implement it due to corruption and incompetence and leadership , embargoes from other countries .
2 Answers
- MarkLv 64 weeks ago
So China has a failed economy? Where people fail is in getting confused is in thinking that a planned economy of communism cannot also compete in a capitalist consumer market. The most successful countries are not far left nor far right, but somewhere in the middle. You need enough social policies to keep the bottom out of desperation and rising up on their masters. which is how every communist revolution took hold. Then people and companies can take advantage of the people and thrive. One of the USA's most socialist policies is our massive amount of wage subsidies. That is what things like SNAP are. They enable wages to remain low while the government gives rations like in Cuba.
Corruption has nothing to do with any of those political ideologies. You can get corruption in any government, including a capitalist democracy which doesn't restrict the amount of money lobby groups are allowed to spend on a politician.
- Christian SinnerLv 74 weeks ago
Using your population as a Petri dish for contagious viruses is probably not a good idea for any government structure. Under communism of China, did the people have a voice for what to do with the government infecting them with Covid -19? The people have a voice in America, the Democrats are trying to end that, and they are trending toward socialism. We won't have a voice, and they can infect us too, if history is an accurate judge of character. Who is a good economy for if the people don't have a voice? Not for the people if socialism or communism is in power.
