prices go up?
Why.
Help.
Why is government printing more money and giving it to me a bad thing. I need it to live.
I’d like both the econ101 (fake, lib, propaganda) and the marxist (real, truth, based) answer pls.
prices go up?
Why.
Help.
Why is government printing more money and giving it to me a bad thing. I need it to live.
I’d like both the econ101 (fake, lib, propaganda) and the marxist (real, truth, based) answer pls.
Were the USSR and other socialist states that did that successful? Why did they fall? I know that’s wildly off topic, sorry.
I think people would have accepted increased prices for faster production tbh, but god (and couple of 80 year old russian dudes) knows how pricing in ussr worked. Ussr arrived at a problem where there is nothing to spend money on, cheap stuff is cheap, expensive stuff is queued and rare. Realistically they should have started fixing it from that rare side, but instead they imploded the cheap stuff production together with expensive stuff and allowed all savings vanish in inflation after the fall.
They could have used long queues as signal that “we need produce more of that” (same as capitalist does with prices), but they didn’t, or didn’t do it enough.
So I would describe it as mildly unsuccessful in adapting to changing reality, but successful in providing for people.
How did it collapse, do you know?
Were people’s basic needs met in the USSR and other socialist states?
I thought there was a black market which made some people very powerful (party members and private individuals). They orchestrated the coup to get more power right? That’s what I’m thinking might have happened.
I don’t know how it could collapse if people were happy.
There was giant price mismatch. they’ve allowed private individuals buy at government price, but sell at whatever, so lot of goods simply disappeared from worker reach, and some people got very very rich, while some stuff just disappeared, factories couldn’t buy some of their inputs at expected prices, etc.
Well, people at the party were that inept. People didn’t want ussr gone, but they weren’t prepared for the horror that happened, and didn’t fight that much.
*that’s just my understanding, I don’t know a lot about it
I…I don’t understand how the party could be that fucking incompetent? Like…why the fuck would you allow that at all???
Have the sale be forced at the same price. WTF is the need to allow this kind of profit.
Because a lot of them saw that they weren't making as much money as their U.S. middle-man counter parts and wanted a piece of 'American luxury'. Also, by this point, most of the political party had lost the zeal and intellectual rigour that dominated the party in it's first 50 years. It was easier, if you were smart, to either cloister yourself in academia, or become an engineer, than deal with the backroom political bullshit.
We are seeing a similar thing occur in the U.S. where most of the highest political operators are entirely self-motivated, even at the expense of the system itself. There are few George Bushes left in the system.
Here is some of the best reading I've found (sources cited) about that topic:
https://invent-the-future.org/2017/11/why-doesnt-the-soviet-union-exist-any-more-part-1-introduction/
It was a very complex event that can't be summarized in a forum post imo.
Oh yeah I didn’t realise the part where the additional money you charge for the same product can be used to decrease the time needed to make more of that stuff. There might be a better solution than that but idk.