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Should the UK Convert into a Socialist/Communist Economy from a Mixed Economy? Watch

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    Hey Guys,

    What are your views on the UK being coverted into a Socialist/Communist Economy from a Mixed one?

    Should we have state-controlled firms with minimum entrance for private firms? Individuals being treated more equally and fairly? The government controlling prices on products which can lead to lower taxes instead of estimations from Supply & Demand in a Free-Market? The allocation of scarce resources being used more efficiently & fairly by the goverment meeting the demand off consumers and not creating producer surplus which can lead to a waste of resources? Could it raise our overall GDP% and boost our economy and minimize the risk off a future recession?

    Discuss your views if the UK turned from a mixed economy where Captialism&Socialism is combined equally to a purely Communist/Socialist Economy?!

    Thanks
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    Yes nationalisation ftw.
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    no!
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    Oh hell no. Communism is economically unsustainable in the long-term, not to mention the fact that its very existence hinges upon an immense and unavoidable assault on individual liberty.

    If anything we need more capitalism, not less.
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    (Original post by Democracy)
    Yes nationalisation ftw.
    That's a bit of a 'I'm a left-wing student, look, I've got a flyer and everything' thing to say. Nationalise what? To what extent? Should we nationalise EVERYTHING, because nationalisation is 'for the win'? Should the grocer's on my road be run from a central planning bureau?
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    err im no academic in economics etc..but is it communism that DOESN'T WORK?
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    (Original post by Democracy)
    Yes nationalisation ftw.
    Just the trains, buses, utilities, BAA and British Airways for me.
    I don't advocate any further privatisation.
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    (Original post by Overground)
    That's a bit of a 'I'm a left-wing student, look, I've got a flyer and everything' thing to say. Nationalise what? To what extent? Should we nationalise EVERYTHING, because nationalisation is 'for the win'? Should the grocer's on my road be run from a central planning bureau?
    Thanks for calling me pretentious, you sure know how to complement a guy :rolleyes:

    I was thinking more along the lines of public transport and energy, oh and the NHS Or at least these are the ones that need immediate attention.
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    (Original post by numb3rb0y)
    Oh hell no. Communism is economically unsustainable in the long-term, not to mention the fact that its very existence hinges upon an immense and unavoidable assault on individual liberty.

    If anything we need more capitalism, not less.
    But then our state benefits would go like Healthcare? This would reduce the number of immigrants entering the country for free healthcare but still it will be more costly in the long-term because if citizens get sick and can't afford healthcare,then they cannot work and support the country with there income! The opportunity cost by not having free healthcare is much more greater than by having it.
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    (Original post by Democracy)
    Thanks for calling me pretentious, you sure know how to complement a guy :rolleyes:

    I was thinking more along the lines of public transport and energy, oh and the NHS
    Public transport I sort of agree with, the trains anyway. We can't afford to nationalise energy. And the NHS is about as nationalised as any health service you're likely to see without completely stifling ingenuity.
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    (Original post by Amit92)
    But then our state benefits would go like Healthcare? This would reduce the number of immigrants entering the country for free healthcare but still it will be more costly in the long-term because if citizens get sick and can't afford healthcare,then they cannot work and support the country with there income! The opportunity cost by not having free healthcare is much more greater than by having it.
    I realise it's not a brilliant example (actually due to state meddling in healthcare without going as far as nationalising it), but in the US there is no equivalent of the NHS and their economy isn't collapsing as a result. Privatisation of the NHS wouldn't necessarily be a terrible thing.
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    (Original post by numb3rb0y)
    I realise it's not a brilliant example (actually due to state meddling in healthcare without going as far as nationalising it), but in the US there is no equivalent of the NHS and their economy isn't collapsing as a result. Privatisation of the NHS wouldn't necessarily be a terrible thing.
    The health insurance companies would be out to screw you over.
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    (Original post by Amit92)
    ... The government controlling prices on products which can lead to lower taxes instead of estimations from Supply & Demand in a Free-Market?


    Nobody estimates supply or demand. They supply as long as they perceive a demand. If there's way more supply than demand, there are price cuts, and in which case they undercut each other because someone has to have better efficiency thus is able to have lower prices. Even when capitalism gets it wrong it continues.

    Free market economics in a nutshell.
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    (Original post by Overground)
    Public transport I sort of agree with, the trains anyway. We can't afford to nationalise energy. And the NHS is about as nationalised as any health service you're likely to see without completely stifling ingenuity.
    :wtf?:

    Are you for real? I strongly urge you to look into how American private health companies are taking over the management of GP surgeries, not to mention the endless contracting of hospital services that goes on, from cooking to cleaning. Make no mistake, bit by bit, and stealthily, the NHS is being sold off.
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    Nationalise a few of the companies that foreign firms have bought thanks to the liberalisation of the UK market, while back home, those countries are ******* protectionist *******s.

    Actually on that note, we're going to have a fun 4 years with Obama as US president: probably going to be one of the most protectionist presidents we've seen in a long time. Protectionist, of course but nothing wrong with US firms buying up UK firms. :rolleyes:
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    Fix bayonets.
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    (Original post by Amit92)
    Hey Guys,

    What are your views on the UK being coverted into a Socialist/Communist Economy from a Mixed one?

    Should we have state-controlled firms with minimum entrance for private firms? Individuals being treated more equally and fairly? The government controlling prices on products which can lead to lower taxes instead of estimations from Supply & Demand in a Free-Market? The allocation of scarce resources being used more efficiently & fairly by the goverment meeting the demand off consumers and not creating producer surplus which can lead to a waste of resources? Could it raise our overall GDP% and boost our economy and minimize the risk off a future recession?

    Discuss your views if the UK turned from a mixed economy where Captialism&Socialism is combined equally to a purely Communist/Socialist Economy?!

    Thanks
    Roflroflrofl

    Dear me, do you know any economics?
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    (Original post by rockrunride)
    The health insurance companies would be out to screw you over.
    The horrific state of healthcare in the US example is the result of governmental intervention in the free market there. The health insurance companies may put profit above life, but health insurance wouldn't even be necessary in many cases if medical costs weren't artificially inflated to allow providers to take advantage of state-mandated health insurance. Non-insured or less-insured privatised healthcare was perfectly viable prior to that manipulation by the government.
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    (Original post by Apagg)
    Roflroflrofl

    Dear me, do you know any economics?
    Haha I guess you don't like Communism? Im not a communist,Its just an economics question my teacher asked in class,so I would see what you guys thought of it?
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    (Original post by numb3rb0y)
    The horrific state of healthcare in the US example is the result of governmental intervention in the free market there. The health insurance companies may put profit above life, but health insurance wouldn't even be necessary if medical costs weren't artificially inflated to allow providers to take advantage of state-mandated health insurance. Non-insured privatised healthcare was perfectly viable prior to that manipulation by the government.
    This isn't me doubting you, I'd just like to know more about this. Do you have a link?
 
 
 
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