It appears we (The United States) are currently in a severe recession. The most important question right now to those of us in the US should be:
What can we do to get out of this economic rutt?
It appears that our government is hurting from a deficit. So either the government has to raise taxes and/or lower its spending. Either way seems unsatisfactory at the moment. If the government raises taxes it's going to hurt the economy. If the government lowers spending it is going to hurt the economy. If the government keeps things as they are its hurting the economy. What would the reds recommend we do? Also, as a red what is your take on the current economic crisis? What caused it? Could socialism or perhaps communism get us out of it? If so, how?
My personal take: I can see some reason to believe that socialism or communism (an economy based upon rational planning if such a thing can exist) might never have gotten to this point. The housing boom went straight to bust because there was no rational planning by the industry. They produced way more houses than was needed in such a short time that home builders are scarce for customers now. For awhile the homebuilding industry soaked up a lot of workers and when it went bust it flooded the market with all those unemployed people who knew how to build housed but didn't know how to do other things, which tends to drive wages down. So in some sense perhaps capitalism failed to keep the equalibrium.
Now, on the side of the Laissez-faire capitalists out there: perhaps it failed to keep the equilibrium because of artificial stimuli created by the government to spur the industry. That is possible too. In that sense, someone in the government didn't plan correctly. Now maybe they didn't plan correctly because some big shot friends of his wanted to get rich quick instead of do what was needed by society. So instead of rational planning we simply had a cluster fest of greed.
So yes, IMO the economy would probably benefit from rational planning. Rational planning is probably THE key element that I associate with socialism or communism. Would you (a "red") concur with this?
Thanks.