Date: Sun, 12 Jan 97 2:10:42 EST From: boddhisatva <kbevans-AT-panix.com> Subject: Re: M-I: Cooperatives? Zeynep, Among the problems that central planners have to answer are: 1. How will resources be allocated to new and unproven or competeing technologies/products? Remember, the automobile seemed like the most idiotic kind of bourgeois dalliance when it was first invented. WHat about competing distribution systems? 2. How will new industry pay back initial investment? Will all industrial enterprises pay back at the same rate once approved? If not, why not? If so who will make the decision to allocate the money? What amount of say will lenders have over the rate at which they are paid back? Will local lenders be able to accept and reject centrally approved projects and/or fund projects on their own? In short, what is the central planning alternative to the credit/equity markets? 3. Why should citizens cede economic authority to the government in the first place? In America at least, there is a very clear separation between the public and private sectors. Does socialism need to be national? If so what authority will it appeal to in undermining local coops that may come in to being? peace --- from list marxism-international-AT-lists.village.virginia.edu ---
Display software: ArchTracker © Malgosia Askanas, 2000-2005