Aside from Yugoslavia, experiments with decentralization did not extend to planning innovation, the greatest weakness of the socialist economies. Even where markets were allowed to exert more influence over current production, the state was still responsible for planning the future. And state socialism provided only weak incentives for innovation. The Schumpeterian pressure that forced capitalist firms to innovate or die was not present in the planned economy.
Barry EichengreenRelated topics
aside capitalist decentralization die future innovation plan planning present production socialist state weaknessRelated quotes
Our fathers founded the first secular government that was ever founded in this world. Recollect that. The first secular government; the first government that said every church has exactly the same rights, and no more; every religion has the same rights, and no more. In other words, our fathers were the first men who had the sense, who had the genius, to know that no church should be allowed to have a sword; that it should be allowed only to exert its moral influence.
Robert G. Ingersoll
In the present state of society it appears necessary to go back to first principles in search of the most simple truths, and to dispute with some prevailing prejudice every inch of ground. To clear my way, I must be allowed to ask some plain questions, and the answers will probably appear as unequivocal as the axioms on which reasoning is built; though, when entangled with various motives of action, they are formally contradicted either by the words or conduct of men.
Mary Wollstonecraft
An ideal objectivist society with a limited government is superior to an anarcho-capitalist society in precisely the same way that an ideal socialist society is superior to a capitalist society. Socialism does better with perfect people than anarcho-capitalism with imperfect. And it is better to wear a bikini with the sun shining than a raincoat when it is raining. That is no argument against carrying an umbrella.
David Friedman
Like its progenitor, capitalism, fascism is totally opposed to socialism. Fascist Germany and Italy attacked both the other capitalist states and the Soviet Union, which was still the only socialist state in the world by 1939. The defeat of fascism was therefore a victory for socialism, and at the same time it preserved the other capitalist nations from having to take the historically retrograde step of fascism.
Walter Rodney
We National Socialists want the economic revolution involving the nationalization of the economy...We want in place of an exploitative capitalist economic system a real socialism, maintained not by a soulless Jewish-materialist outlook but by the believing, sacrificial, and unselfish old German community sentiment, community purpose and economic feeling. We want the social revolution in order to bring about the national revolution.
Gregor Strasser