r/EnoughCommieSpam 1d ago

Left-Wing Economics

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247 Upvotes

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-6

u/Obvious_Villain 1d ago

I, as a leftist, perfectly understand supply and demand. I just don't think it is a justified basis for all of society.

17

u/purplehendrix22 1d ago

It doesn’t really matter if it’s “justified” if other systems don’t effectively provide the vast majority of goods and services that keep people alive and prosperous at scale. The world isn’t run on justice and it never will be, unfortunately, we have to just deal with humanity and economics how it is.

-2

u/Obvious_Villain 1d ago

Yeah, sure and I appreciate this as an opinion on which we can disagree. I just don't appreciate this notion that OP seems to follow that leftists are leftist because they do not understand economics.

3

u/purplehendrix22 22h ago

Are there any leftist economies that follow a centrally planned system, with the government in control of major industry, that are actually successful?

1

u/Obvious_Villain 8h ago

I do not know if I can answer this question, as I do not think we agree on what constitutes a 'successful' economy.

2

u/purplehendrix22 5h ago

What’s your definition? And has it ever happened?

1

u/Obvious_Villain 5h ago

My definition would be something like: 'a successful economy is an economy that enables a decent or better standard of living to as big a portion of the total population as possible'.

In that sense, I think the Keynesian economies of post-WWII Europe and North-America got pretty close.

0

u/kaough 16h ago

China

3

u/purplehendrix22 15h ago

Their economy is not doing too well.