sujewa films nyc

Tuesday, September 15, 2009

Why socialist economies failed

While discussing capitalism vs. socialism with Chuck in an earlier post (re: Moore's doc Capitalism), I found this 1993 document - The Failure of Socialism and Lessons for America. In it, the reason for failure of socialist economies are briefly explained:

"Earlier in this century, the Austrian economists demonstrated that socialist planning would fail. Ludwig von Mises and Friedrich von Hayek showed clearly and irrefutably that when private property was nationalized and market competition eliminated, economic irrationality would result. In a market economy, the way people convey information to each other about the products they wish to demand — and the value they place on the various resources that can be used in alternative ways to make those goods — is through the price system. But with the elimination of private property, people are no longer able legally to buy and sell; and with no free-market buying and selling, there can be no competitively formed market prices. And without market prices, the most well-intentioned planners are clueless about what goods people actually want or what are the least-cost methods of producing what the consuming public actually desires."

To read the rest, go here.

- Sujewa

No comments:

BREAKTHROUGH WEEKEND Teaser Trailer

DATE NUMBER ONE on Vimeo VOD

Indie Film Blogger Road Trip

ad - wifi doorbells from rintercom

NEW WiFi Doorbells from Rintercom - amazing deals on a great product


call us for great prices on wifi doorbell intercoms & similar items! we sell wholesale to builders. also retail to individual users.

we have several wifi doorbell intercoms starting at $180. see various products & prices here - http://www.rintercom.com/blank-1

WiFi Doorbell Intercom
Monitor your doorsteps at anytime and anywhere from your smartphone or tablet
Receive Instant Alerts everytime a visitor presses your doorbell
No App charges or monthly maintenance fees
Using the ControlCam App you can see the live feed video and have a two-way conversation as well as recording both videos and photos.
With any electronic lock or magnetic lock you can unlock the door using the App.

more info here - http://www.rintercom.com/

or visit our showroom in brooklyn!

*
similar to skybell wifi doorbell, ring wifi doorbell, door bird wifi doorbells

At DIY Filmmaker Blog's Facebook Page

Followers

BREAKTHROUGH WEEKEND Teaser Trailer on Vimeo

Breakthrough Weekend teaser trailer on YouTube

Good Reads