I assume that when everyone else in this thread is talking about socialism and communism, they mean like the Wikipedia definitions, not just more government.
explodicle
Yes, the private sector did have enough capital to cover those loans. The public sector did it because it was a bad investment when you count opportunity cost.
"Humans are awful" is why they call econ the dismal science; did they actually present that as a reason why communism wouldn't work when your classes covered it?
Wouldn't the LVT+UBI that Henry George proposes effectively cancel rent and then some? We'd be getting paid 100% of the surplus from land use, not just a safety net.
If only there was a way to encourage people to do things besides forcing them.
I love it when I'm reading the comments for a meme about butts or something, and then it quickly evolves into a deep discussion about the nature of human society.
Do we have an expectation of privacy for our upvotes, or is that generally supposed to be public information? I like to think my comments and upvotes match up pretty well.
I wasn't conscious of it until I had stopped, but on Reddit I was censoring myself to avoid my comments getting deleted.
Why does it matter which software we're running? Running a Bitcoin node on something comes right after running Doom on it.
Japan was right all along
The previous system beat it; fostering expertise across generations by inheriting your job from your dad. And they thought they were free too.