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 Originally Posted by a500lbgorilla
Unfortunately, this is the same logic my father uses. It usually boils down to "Einstein says the definition of insanity is doing the same thing and expecting a diff result." and "History repeats itself."
It's closer to an ideal system if we have a abundant resources and some other things. Just because it has failed in the past does not mean it will fail in the future.
Look into the calculation problem proposed by Ludwig von Mises. Economic planning under socialism is impossible, because you lack the information of prices. Resources will never be abundant. You can't have a society without an effective allocation of resources.
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