I think the so-called communist countries in the 20th century (like the soviet union) failed mostly because they didn’t motivate enough people to work hard enough.
The 20th century was a time of much innovation, where lots of growth was required to keep pace with the ideas people had. So, for growth you need hard-working people to do it. Capitalism had that because harder working people got higher wages. In communism “we pretend to work and they pretend to pay us”.
Nowadays, the situation would be very different because we don’t have so much growth anymore, so there’s less demand for human workers. So even if we can’t motivate that many people to work hard, it would mostly be fine because we don’t need so many people to work in the first place …
I think the so-called communist countries in the 20th century (like the soviet union) failed mostly because they didn’t motivate enough people to work hard enough.
The 20th century was a time of much innovation, where lots of growth was required to keep pace with the ideas people had. So, for growth you need hard-working people to do it. Capitalism had that because harder working people got higher wages. In communism “we pretend to work and they pretend to pay us”.
Nowadays, the situation would be very different because we don’t have so much growth anymore, so there’s less demand for human workers. So even if we can’t motivate that many people to work hard, it would mostly be fine because we don’t need so many people to work in the first place …