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anomaly said:I think your confusing your 'isms' here. Under socialism, we would see simply greatly controlled capitalism. This means that people would still likely make very near, if not exactly what they currently make. The difference is the prominence of redistributive programs. Taxes would go up, for the rich especially, and yes, growth would be slightly lower. But, on the flipside, which you probably won't get to in this little response, is that the control over that growth would be greatly increased. In capitalism, we can plainly see that great growth favors the rich. In socialism, with government control of industry, and with a government run by the people (democracy), growth will favor the working classes. And, going back to growth, do not overestimate what I have said, because history will tell you that any centralized economy will produce ample growth to sustain the economy.
I think you're misunderestimating my understanding of Socialist Theory.
I don't know what examples you're referring to that show that centralized economies are comparable to decentralized ones.
I understand that the US has many governmental controls on our economy, and I am glad for many of them. In truth, I don't think you and I are operating under different premises, we just disagree on where the slider bar of government control should be placed. I would disagree with your assertion that increased control would be for the best, because you and I place different values on:
a) equality
b) equality of opportunity
c) fairness
d) upward mobility
e) property rights
f) governmental controls
You can say "go south, and see who suffers," but that ignores one major premise of economic theory. No person will ever enter an economic agreement unless it is beneficial to them. While companies may outsource jobs to sweatshops in the 3rd world, people wouldn't work there unless it was they highest paying job they could find. So effectively, the corporation is helping the community by giving jobs. It may not be ethical, but it's not the people working there who are complaining.