Sunday, April 19, 2020

I need your comments-'Was Socialism Really an Economic Failure'


My new article 'Does Socialism Really Lead to Economic Failure?' has been published in the Journal of Labor and Society:https://ift.tt/2yosu1s a summary of it on my blog:https://ift.tt/2Kkz8s1 need your comments about this. I need to know if the work I am doing is improving people's confidence about fighting for communism and/or if people have criticisms.Based on important new figures from the Maddison Project Database, the article shows that most of the countries of Eastern Europe were not the economic failures that they have been claimed to be when they were still ruled by (ostensibly) communist regimes.  This is important because it shows that state ownership of economies does not have to mean economic failure.  It means that those who want the liberation of the working class from capitalism can carry on their fight and give up the search for some mythical ‘third way ‘ between economies under state ownership and the market. Though the article was written last year,  its implication  is that when the world is faced with the appalling economic and social costs associated with coronavirus, we do not have to resign ourselves to years of high unemployment and poverty under the market system. I think its importance from the point of view of anti-revisionists is it provides important evidence that the adequate but not very impressive economic growth of Eastern European countries after the 1950s was due to poor investment, which has been our classic argument. via /r/communism https://ift.tt/3bmiC71

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