I’m talking about all economic systems, including the USSR, China, US, European markets, etc.
Fundamentally, for an economy to exist it connects those who produce/have with those who consume/want, mediated by some exchange of value (though in command economies that last part can be remarkably performative).
And fundamentally, if there is no connection to people’s actual needs, and no clearing of old/non-competitive ways to meet those needs there is going to be a very, very bad time. Eventually.
I’m talking about all economic systems, including the USSR, China, US, European markets, etc.
Fundamentally, for an economy to exist it connects those who produce/have with those who consume/want, mediated by some exchange of value (though in command economies that last part can be remarkably performative).
And fundamentally, if there is no connection to people’s actual needs, and no clearing of old/non-competitive ways to meet those needs there is going to be a very, very bad time. Eventually.