The leadership of the USSR tried to grow the economy in an irresponsible manner which starved millions.
That’s factually inaccurate. Russia went from a backwards agrarian society where people travelled by horse and carriage to being the first in space in the span of 40 years. Russia showed incredible growth after the revolution that surpassed the rest of the world:
USSR doubled life expectancy in just 20 years. A newborn child in 1926-27 had a life expectancy of 44.4 years, up from 32.3 years thirty years before. In 1958-59 the life expectancy for newborns went up to 68.6 years. the Semashko system of the USSR increased lifespan by 50% in 20 years. By the 1960’s, lifespans in the USSR were comparable to those in the USA:
Quality of nutrition improved after the Soviet revolution, and the last time USSR had a famine was in 1940s. CIA data suggests they ate just as much as Americans after WW2 peroid while having better nutrition:
believe the USSR is a horrible example as the economy relied on oil in order to function and is widely regarded by workers who used to live under it as a suppressive country that ignored human rights.
Having actually grown up in USSR, I can tell you that this is just US propaganda you’re regurgitating.
I believe the way is to go for something in between
Going for something in between is China’s approach. While private companies and a stock market exist, they operate within a socialist framework, guided by the principles laid out by Chen Yun. Chen advocated for a “birdcage economy,” where the market acts as a bird, free to fly within the confines of a cage representing the overall economic plan. His approach, adopted in the early 1980s, allowed for use of market forces for efficient allocation of resources, while the state maintained ultimate control over the direction and goals of economic development.
When it comes to blockchain technology and ai I think the hype was temporary with blockchain and it itself is quite an interesting and innovative but useless tech. For AI I believe we will see them improve a lot and become many times better than the stupid chatbots we have today and it will probably be the driving factor of innovation of the 21. century. I know this is quite the bold claim but it has a lot of potential.
Another way we could phrase this as the leadership of the US tried to grow the economy in an irresponsible manner which starved millions. www.cnn.com/2020/07/31/us/…/index.html
Ownership also holds one accountable. Were in east-germany many people didn’t see the point in work as the government ensured a certain living standard a potential to rise through new ideas and hard work is non-existent.
That’s why cooperative ownership is important. Capitalist enterprises have exact same problem where the workers are alienated from their labor.