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Lessons from the Soviet Union and the Flight to Safety | Simon Mikhailovich
Hidden Forces
Is There a Failure of Capitalism?
Free enterprise capitalism produced the largest spurt of economic growth and well being for a massive number of people. For the soviet union you could go back to basics, to moral basics, but it didn't economically work. There is no concept in freemarket capitalism that failures of private business as entities are baled out by the taxpayers or by the community. That's just not part of the system. So whatever system we have now is not the system that made the united states what it became.
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