Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why communism failed in Russia?

0
Posted

Why communism failed in Russia?

0

Communism failed in Russia because communism and socialism are fatally flawed, both in theory and practice. Imagine the market as an infinite number of transactions. In socialism/communism, most of the transactions result from the forcible redistribution of wealth, from producer to consumer. In other words, the government takes some form of wealth from one party and gives it to another party. This has four very harmful effects on the transaction, and collectively, on the economy: (1) only one party benefits, while the other party is harmed. There is a winner and a loser in every transaction; (2) typically, the party that benefits simply consumes the benefit instead of turning it into production; (3) the government must insert itself as a middleman in the transaction (the hammer that forces the redistribution), and this must also be financed, usually by taking their cut; and (4) eventually, no one wants to be a producer, when producers are what the economy (and the society) needs the mo

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.