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AnimalMuppet
on Dec 30, 2016
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Is the Era of Great Famines Over?
Could you explain what you mean here?
hx87
on Dec 30, 2016
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A communist society where the government owns all the means of production and everyone gets a $60,000 UBI can still use markets to allocate resources for production.
AnimalMuppet
on Dec 30, 2016
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Can
, in theory. But in practice, it's much more likely to use politics and bureaucracy. (Source: The last two hundred years of government behavior.)
snrplfth
on Dec 30, 2016
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...but if the government owns all 'capital goods', then you can't use markets to allocate those capital goods between different owners.
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