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Courtesy of the greedy goblin

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19Nov

Courtesy of the greedy goblin

by Duf Anything and Everything

The guy has an interesting spin on what is broken in the world..

“I think the big difference between markets and any kind of non-market system is the handling of morons. The morons are people with good intent, with no hostility towards the system, but with no skills either, therefore their results are poor. Social people find it pretty hard to get rid of these people as without “bad intent” they are not considered people who deserve “punishment”. So the useless worker won’t be fired until he risks the survival of the company. If there is no market it doesn’t happen. In the socialist block, several thing were highly sub-optimal, it was known to be sub-optimal by most, except those who did it, and since there was no competition, they were never forced to face with the true value of their work. The Soviet economy was destroyed by the drunken worker who got the same salary as others for his useless work, and the dumb manager who ordered useless works”

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