C
Communism
Topic
What experts have said about Communism
4 statements · 4 negative
Communist redistribution disincentivizes disproportionately productive people.
“what communists try, Communism tries to do is to take from the disproportionately productive 20% and spread it out across everybody else. The problem is that disincentivizes the 20% from doing anything”
Open the episode · Financial Crash Expert: He Predicted The 2008 Crash, Now He Says Capitalism Failed, It’s Too Late!Listen at 11:14
Communism reduces incentives to produce, create, and innovate, causing economic stagnation.
“you end up with a communist system like the one we had in the Soviet Union, where no one really has any incentive to produce, to create, to innovate. And so you get a very stagnant economy”
Open the episode · Financial Crash Expert: He Predicted The 2008 Crash, Now He Says Capitalism Failed, It’s Too Late!Listen at 11:14
Environments permitting laziness and unearned benefits cause communism to gain critical mass.
“when you have ecosystems that essentially allow you to do both of those things without consequence, those ecosystems get a critical mass and start taking hold.”
Open the episode · Socialists Sweep NYC, China Catches Up in Coding, AI Memory Crunch, Micron's Blowout QuarterListen at 16:11
Communism has consistently ended in death and misery wherever implemented.
“communism has failed utterly and ended in death and misery wherever it has been tried”
Open the episode · Socialists Sweep NYC, China Catches Up in Coding, AI Memory Crunch, Micron's Blowout QuarterListen at 28:00
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.