| richardhutnik said: Capitalism is yet another -ism also. What I take from the video is that, it isn't an ideology that makes a different in regards to a nation, but what the individuals in the nation do, with their freedom, that makes a difference. So, you going to also hunt down "A Road to Serfdom in Five Minutes" also? |
I'd somewhat agree with that.
I think the system matters, however the systems effectiveness depends largely on the people who it targets.
Socialist programs in Scandanavia when reproduced in countries like France don't work because they have different cultures. Norway accepts the "social contract" more then France.
A fully capitalist system in China would likely be less then optinal due to Chinese Culture in which people are encouraged to NOT stand out. Some second generation chinese people see themselves stopped by there own due to traditional chinese norms not teaching them the people skill qualties needed to succeed and move up into higher level management.
Innovation wouldn't be as strong without a way to integrate it in the whole.
It's why modern economic theory pisses me off. Even the big Macro terms aren't really absolutes, it's all based on the individual people and the cultures from which they arise.
Economic theory should be very regionally specific.
