Eternal Dreamer

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Socialism Beats Capitalism; Dictatorships beat Democracies

A well-run central planning system that can make the optimal and most efficient decision every time (arguably the same results as a pure market system) is superior to the market system because it can arrive at its decisions quicker and without the overhead of competition. Likewise, an enlightened dictatorship is more decisive than a democracy in implementing policy. I doubt that anyone will argue against this.

Now the question is that how do we ensure that these plutocrats make the best decisions every time without mistakes of succumbing to self-interest?

For the record, if anyone’s wondering, there is no country that has a perfect democracy or a pure market economic system. There is always some layer of indirection, corruption, or inefficiency involved.

October 30, 2009 - Posted by crumja | Economics, Politics | | No Comments Yet

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