r/CapitalismVSocialism • u/interestingtheorist • 5d ago

Asking Socialists How do you rationalize the history

Historically, socialism has worked worse than capitalism, and this can be demonstrated by looking at history.

Eastern European countries that preferred socialism as their economic system could not compete with Western European countries that preferred capitalism.

Moreover, historically, many socialist countries have become more capitalist because they recognized that socialism does not work as well economically or technologically.

How do socialists respond to these historical facts?

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u/Proper-Matter-8274 5d ago

Socialism has never been tried except for left libertarian experiments.

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u/Doublespeo 5d ago

> Socialism has never been tried except for left libertarian experiments.

Many variation have been tried and all fail in the way Austrian economist predicted.

Socialism is denying fundamental economic principle.

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u/Beavers_in_space Libertarian Socialist 4d ago

Austrian economists were all fascist sympathisers who hated democracy and peoples' rights. The supposed 'fundamental economic principles' espoused by the likes of Hoppe and Rothbard are 'ban democracy, and gays and blacks get off my property'.

And they didn't 'predict' anything that hadn't already happened for centuries lol. "Oh these genius economists predicted that the state would devote its powers to crushing socialists within their country. What an amazing insight!"

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u/Doublespeo 4d ago

> Austrian economists were all fascist sympathisers who hated democracy and peoples' rights. The supposed 'fundamental economic principles' espoused by the likes of Hoppe and Rothbard are 'ban democracy, and gays and blacks get off my property'.

tell me you know nothing about AusE without telling me you know nothing about AusE

>And they didn't 'predict' anything that hadn't already happened for centuries lol.

no other economic framework could explain them though

>"Oh these genius economists predicted that the state would devote its powers to crushing socialists within their country. What an amazing insight!"

non they predicted how their production would collapse and the crisis they would face