Communism... Why did it fail? (113)

111 Name: Citizen : 2007-02-14 13:13 ID:s3J2/rCQ

I've always thought that the best answer was somewhere in the middle. Capitalism is good at bringing new ideas to market, but sucks at things like providing for the poor in any society. Communism 1 doesn't leave the poor behind, but it kills all incentive for innovation. Why invent a better mousetrap -- it won't make your life any better? But somewhere in the middle, about where Sweden is on the Left/Right economic scale, you get the best of both worlds. Inventing a new product does net you wealth, yet the safety net is big enough that poor folks don't need to worry about affording health care, food and shelter.

Of course there are trade offs. Sweden isn't a superpower, it doesn't get to throw its weight around and get its way in international meetings. The standard of living is less than that of the middle-class USA. But you do get a nice standard of living.

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