Erm, didn't you say the soviet economy couldn't meet demand of the people? If so, how could stagnation in the 80's be caused by a lack of demand? In any case, Stagnation of russian economy was due to political reasons. There was no strong leaderships to make the right decisions... era of uncertanity and instability. Workers often went on strike, demanding more rights and such. Also, Assume there is no demand for more goods in a society... then why should there be more demand? Why should the economy grow if everyone has what they need? Why should we pollute the planet and make people work overtime if noone wants more growth, hmmmm? Advertising makes absolutely no sense. Economy is not the only thing we can invest in. If Industry produces enough, why not focus investments elsewhere? Perhaps allocate more resources to growth of infrastructure or expansion of education, health service and R&D sector?
Nope, We fucked up the 3rd world and we are still fucking up the 3rd world. We still support tyrants and we still plunder the poor. Capital flight out of 3rd world countries is 8 times as much as the value of Aid they recieve... which also happens to be a fraction of US military spending. The pollution we cause hurts those in the 3rd world the most. Millions die each year due to climate change perpetuated by Western Industry. Look it up.
No. Regulations don't do shit about monopolies in smaller areas. Get your facts right. There can be monopolies in the markets of entire cities and corporations can underprice their goods to conquer new markets and drive small business bankrupt. Also, US laws don't apply in 3rd world capitalist countries where monopolies are rampant.
Nope, Even the average Cuban gets better service from its relatively piss poor government then what the US of A has to offer... The US has better infrastructure, Better funding, better doctors but the burocratic load is crippling and those poorer half of the country gets no healthcare at all. Cubans have higher lifespan, shorter waiting times at doctors and pay much less for their healthcare. Obamacare may have improved things but not quiet enough. yeah, The statistics are staggering...
No, The driving force behind innovation should be curiosity, Phylantropy, Industrialism and Rationalism, not the profit motive. Research motivated by profit can harm humanity more then help. Monsanto, Microsoft and Drug Industry are best examples. Biotechnology could be decades ahead if it wasn't for the massive law and patent disputes that plague research and hinder progress ever since private sector invested in these fields.
Actually no. There are no free markets in first world countries. Free markets only exist in the 3rd world. There is capitalism in the 1st but not free markets or anything associated. States and Corporate conglomerates Regulate prices of commodities and manipulate markets. Best example is the energy sector. Massive... and when I say massive, I mean billion dollar level massive subsidies are given to Oil companies to expand their operations, many more billions if not trillions are spent on the Financial sector to repay favors from before election day. Auto industries and the military industrial complex are also highly subsidized, R&D likewise, all of this on taxpayer money. Conglomerates agree to raise prices of goods together to ramp up their profits. Pharmecutical Industries are the best example. They sell their stuff at outrageous prices as noone else is allowed to produce them legally... and no, US law can't do shit about it. It bends to the will of big business. Other commodity prices are regulated by reckless Wall street Speculators who drive prices up and down for no good reason, creating bubbles that stimulate fake demand which eventually disappear, devastating entire sectors of the economy in the process.
Still better then for the 3rd world though, At least they won't get profits leaving the country at horrific rates.
Gonna fix post later.
*major edit incoming
It is a law to have healthcare, everyone in the US is required to have healthcare. You're assessment was bullshit. You're a philospher trying to play economics but you have no idea what the real statistics are, you have no idea what any of the Government programs do you're absolutely clueless as to how any of it work.
Lobbying is an industry initself, the pharmaceutical industry in the US is the most productive in the WORLD. Biotech advancements - US
largest amount of patents released a year - US Average National income - US World's Largest economy - US World's largest financial sector - US Financial capital of the world - New York/US Aeurnautical and Space Engineering - US Advanced manufacturing - US
Our success underlines the success of a mixed market economy. You're a literature major trying to play economics and nothing more. You don't know what demand is, you don't know what the definition of an economy is, you don't know shit.
Frankly anyone who tries to claim Soviet Russia had a decent economic system is full of shit. It goes against history, common sense, rationality, understanding of markets, investment, prices EVERYTHING.
There is not a SINGLE CREDIBLE LEADING ECONOMIST, who would agree with you on ANYTHING you said. Regardless of what side of the political spectrum they are on.
Give me on influential leading economist of today that genuinely believes Soviet Russia's economy was in any way sustainable or efficient. You CAN'T NAME ANY.
The facts say mixed market economies work, and are preferred. The top 10 economies in the world have one. Everyone in the developed world is benefiting from it.