LogFAQs > #883537746

LurkerFAQs, Active DB, Database 1 ( 03.09.2017-09.16.2017 ), DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Capitalism vs communism
tennisdude818 07/24/17 10:16:36 PM #27:	averagejoel posted... tennisdude818 posted... Is the factory necessary? Is there enough demand for the factory's output to warrant the cost? Well an entrepreneur has to take a chance with a big investment to find out. The workers are able to create value with their labor because the entrepreneur took that chance. if the factory was owned by the workers, this wouldn't be an issue Without price, how do you decide to build the factory in the first place? How do you decide when it's time to stop building horses and buggies in favor or something new? How do you measure the efficiency of plan A vs. plan B? --- "Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it." -Thomas Sowell <cite>tennisdude818 posted [p:883537746] in Capitalism... [t:75601280]...</cite> <quote><cite>averagejoel posted...</cite> <quote><cite>tennisdude818 posted...</cite> <quote>Is the factory necessary? Is there enough demand for the factory's output to warrant the cost? Well an entrepreneur has to take a chance with a big investment to find out. The workers are able to create value with their labor because the entrepreneur took that chance.</quote> if the factory was owned by the workers, this wouldn't be an issue</quote> Without price, how do you decide to build the factory in the first place? How do you decide when it's time to stop building horses and buggies in favor or something new? How do you measure the efficiency of plan A vs. plan B? --- "Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it." -Thomas Sowell</quote> ... Copied to Clipboard!
Topic List	Page List: 1