Posted 5 years ago on Dec. 28, 2014, 4:30 p.m. EST by TechJunkie
from Miami Beach, FL
This content is user submitted and not an official statement
There are a lot of people here proposing radical economic reforms, like eliminating private business ownership and mandating that companies must be owned by their workers, and the government centrally managing the pay scale of all workers.
Simple question: Has that ever worked in history? Can anybody point to examples of successful, sustained economies based on collective ownership of the means of production?
Counter examples include tragic failures like North Korea's poverty-stricken masses dying of hunger, Cuba's deterioration, the millions who died during China's failed Great Leap Forward, the Cambodians who died during their failed attempt at collectivism, the failure of the Soviet Union, and even the collapse of Argentina and Venezuela's economies that is in progress right now.