Thoughts on the Privileges of Capitalism and Hard Work

Money PuzzleCommunism is an economic construct that died because it had no incentives for anyone other than the politicians who, of course lived outside the economic rules of their society. The lack of incentives, combined with human nature, killed all work ethic. Money became worthless because there was nothing to buy. Laborers engaged in ever poorer workmanship. State owned and managed companies were able to survive only because the public was forced to buy their shoddy goods. In the end, many in Russia suffered. The Russian saying in the 1970’s that “we pretend to work and they pretend to pay us” was a very telling slogan.

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