shmmeee
Well-Known Member
Im not saying it wouldn’t happen at all but no chance at the same pace/level. Happy to be proved wrong with any examples of the fast growing, innovative communist countries…genuine question.
Even China which is ahead of a lot of western countries on tech nicked most of its intellectual property from the states and some from here/Europe (only now has the West woken up to it). Its basically embraced capitalism in a way which suits its government
Ps problem we’ve had in the West in recent times is unfettered/uncontrolled capitalism will only increasingly work for the few
Did we see a big productivity increase post 1980s reforms here and in the US? Not really. When we are inventing things like the car or the toilet we see significant gains but not so much with Disney+ and iPhones. Capitalism hasn’t slowed down the last 40 years but arguable relevant technological progress for the average man has. Capitalism now is an attention economy. And that’s the issue, it’s not concerned with anything but profit.
Communist Russia did OK at the start of the last century.