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Debate Topic: Poltical/Economic Theory (Little Upsilon)

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

John Fire (Golden Rainbow)

Wednesday, July 2, 2008 - 11:56 pm Click here to edit this post
The difference between working in a privately run business and a state run business is this:
You will always have a choice in the private corporation to move out. If you are not paid well, you can leave or join a union (or make one). The business must make sure that it is paying you well enough that you do not wish to leave and get another job, whether in the same kind of business or a different one.
The state corporation would be vastly different. In practice, the right to unionize or perhaps even to change jobs without approval may not be there.

By and large, the biggest difference is in efficiency. A market economy run by the laws of supply and demand is far more efficient than a command economy run by the government. When it is more efficient it means there is more stuff to go around. Even if wages are better in the command economy, the cost of products is naturally lower in a market economy (assuming competition is still there).

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