all this discussion of markets vs socialism is often based on false dichotomies.
A nation is an economic player just like any other. They have to household with their resources, and in this day and age, they also have to compete and be "profitable". Sure, they have special privileges due to historical reasons, but nevertheless, countries like Venezuela are less powerful than most international cartels.
Still they own their territory after all, and can decide what to do with it. They can decide whether to sell resources out to these international cartels, or whether to administer them themselves. Just like a business that has to choose where to expand its domain and where to withdraw.
Topic: I hate socialism but..... shouldn't a nations resources be nationalized? - page 3. (Read 2526 times)
March 07, 2013, 01:18:12 PM
March 07, 2013, 07:44:27 AM
Much depend on how resources and richdom are distributed among people. If a land has a corrupted government, than nationalization will only lead to more wealth for the “elite” leaving the rest of the people in poverty.
Regards, Inge
March 07, 2013, 05:44:24 AM
If a nations resources are nationalised, what is the difference?
Who gains?
It seems to me all that happens is you create a closed shop for only the government's friends.
Who gains?
It seems to me all that happens is you create a closed shop for only the government's friends.
March 07, 2013, 05:41:50 AM
You should look into Georgism.
March 07, 2013, 05:20:35 AM
There is no sense in this sentences. Because phrase "I hate socialism but I like capitalism" sounds as "I hate dollar but I like martini". This things has no actual conflicts and there is a huge possibility to coexistance in the same economy.
March 07, 2013, 03:30:48 AM
It seems kind of wrong to me to see nations around the world with the most resources being the poorest. ... But also the siphoning of wealth from one country to another country.
I don't get your reasoning. How exactly do you think this siphoning happens and why do you think nationalizing resources would change anything to it?
March 07, 2013, 03:09:40 AM
It seems kind of wrong to me to see nations around the world with the most resources being the poorest. I love capitalism but ... should national resources really be exploitable? To me it means it will lead to two things: environmentally destructive practices possibly. But also the siphoning of wealth from one country to another country.
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