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Debate Topic: Poltical/Economic Theory (Little Upsilon)

Simcountry: Simcountry Bulletin Board  Debate Topic: Poltical/Economic Theory (Little Upsilon)

Zetetic Elench dam Kahveh (Golden Rainbow)

Saturday, June 28, 2008 - 04:17 pm Click here to edit this post
DavePat, that is a very simplistic argument. One could equally argue that a totally free market will also fail as the corporations are driven to producing cheaper and cheaper goods by paying their workers less and less (also note how many companies relocate to the Far East for much the same reason) leaving fewer and fewer people able to afford the goods so the bottom drops out of the market.

The US (and much of the developed world) enjoys economic growth and prosperity, in part, because they can outsource production to countries where labour is cheap. Trouble is, these countries are developing economically with wages rising to meet those in the West. Presumably then we will really start moving into Africa to exploit low-paid workers there. How is this different from your idea that a socialist state has to find new sources of funding by expanding the empire?

Also, don't forget that Britain only really became a socialist country after WWII when its empire was declining. EDIT: For most of the time, the Empire functioned on the principles of an extremely free market to the point of not intervening in Ireland when the potato crops failed in the 19th Century. The forces of supply and demand were supposed to correct for this lack of food in Ireland. Unfortunately, the poor people of Ireland had no money to buy surplus food from elsewhere in the Empire, in part no doubt, because they had no potatoes to sell as a surplus. The result? Mass starvation and migration.

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