/biz/ - Business & Finance

>>8035454
fuck man, you're lucky, I wish my wife was a real nigga

> lost all my money speculating on shitcoins

this communism thing doesn't sound too bad

>>7513862
>Socialism might actually start working because funds are being watched and guarded by logic and smart contracts and not accountants paid by the government who is currently stealing from the programs we created.

The reason why socialism cannot work has nothing to do with all that. Socialism cannot work because it cannot calculate economically. In an economy where the State is the sole owner of the means of production, there are no prices for said capital goods, and without price mechanism no central planner can know whether his plan utilized the available capital goods in a way which produces those goods and services which the "comrades" the most urgently need, or whether he used up the means of production for the creation of goods that are less urgently desired. Such is the case when there reigns in a socialist commonwealth the overproduction of shoes and the corresponding lack of a more urgently wanted good - such as bread.

The economic calculation problem. Elementary stuff.