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To: casuist
Also, the USSR had no concept of bankruptcy. So non-performing firms could persist forever, destroying value, with no market incentives to innovate their operations.

The USSR's downfall was that it was too big to fail.

44 posted on 10/14/2010 9:44:01 PM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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To: Ezekiel

Stinger Missles!


46 posted on 10/14/2010 9:50:20 PM PDT by DIRTYSECRET
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To: Ezekiel

As the saying goes, Socialism only works until you run out of other people’s money to spend....


53 posted on 10/14/2010 10:03:51 PM PDT by tcrlaf (Obama White House=Tammany Hall on the National Mall)
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