How russia and china became Command economies?
The primary feature of the political economy since the fall of the absolute monarchies and the onset of the industrial revolution has been the conflict between the primacy of labor and that of private capital. Liberal Democracies resolved this issue by retaining the primacy of private capital but compromised with the demands of labor by regulating business activities, enacting progressive taxes, allowing commoners to vote, and granting workers rights, old age and disability pensions and universal healthcare. In Russia and China, the aristocracy would not compromise with labor and in the resulting conflict, labor achieved predominance through the forcible confiscation of private capital and its replacement with collective ownership. In private capital based economies, decisions are made by aristocracies composed of millions of competing business and corporate interests. This competition is diverse, resulting in forces that are creative and destructive, efficient and inefficient, benevol
