Charles Edison

"Economics, politics, and personalities are often inseparable." - Charles Edison

Monday, January 23, 2012

Command System

When reading on economic commands systems I realized how detrimental they could be to an economy. I first believed that if the government ran the entire operation, that our country would be stable, with a constant exploitation of rescources. After reading more into the system, I realized that the government would have all power and the people would basically be under control having no working freedom. Each individual would be working for a designated amount that was issued to them by the government. This would become controversial now because each individual person would not have any incentive to finish their own work. Each persons success would depend on others to fullfill their duties as well. This made me realize that the Command system and the Market system are actually polar opposites. The Command system has an absence of private property while there is private property in a market system. I realized that it would take a very strategically planned and developed Command system for the nation to actually succeed and flourish. This made myself question why any nation would convert to this type of economic society when your sole purpose in work is to please the political figure.

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