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[quote]The only military conflict I see coming is if we keep treating Iran poorly. And, trust me, I'm not saying we should go over to Iran and be best friends with Ahmadinejad, but these sanction won't do anything except piss them off.[/quote] Wrong. Ahmadinejad is one of the few leaders that understands the economic implications of their actions
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For some reason this really reminded me of the infamous Gandalf, Ulrich's dad, the secret godfather of thrash metal: http://www.youtube.com/watch?v=HdDFZwU02No
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Mises says: "One cannot play speculation and investment. The specu- lators and investors expose their own wealth, their own destiny. This fact makes them responsible to the consumers, the ultimate bosses of the capi- talist economy. If one relieves them of this responsibility, one deprives them of their very character. They are no longer businessmen
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You could say that the state "rents" out the enterprises for the manager to take care of, but only on a temporary and democratically(or whatever other statist ideological) basis. The manager even need not get the profits to himself, but some other state benefit(or fraction of profits) as incentiviser for good performance.
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[quote]But you just said currently existing managers. However, what more could competing managers decide if the state controls all the goods, it would just be a monopoly where there previously wasn't one.[/quote]The goods are controlled by whatever other state company produces it [quote]So managers would "invest" their profits into something
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[quote]So the state is going to nationalise existing firms? And then decide to produce (or allocate) capital goods for them companies how?[/quote]The state appointed managers decide that. And allocation through prices, profitability.. I said that in a previous post read first please lol
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[quote]It doesn't sound like you are addressing the calculation problem at all, only the incentive problem. How are the decisions being made as to what state-owned capital goods are being created in the first place?[/quote]the managers of existing companies could expand the company or create a subcompany(perhaps with the profits made with the original
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Jon, prices would exist in much the same way they do now, the state companies would trade with each other, have their own balance sheets, and form a capital structure.
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[quote]The calculation problem doesn't deal with incentives, as much as it deals with calculation, or rationing, without a price mechanism. Clearly, if "capital" is 100-percent state owned then there really is no price mechanism to ration out said capital.[/quote]The manager gets more profits by producing according to market conditions
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Solution to socialist calculation problem: 100% state owned capital, but privately owned profits. The enterprises could all be nationalised while maintaining market guided capital structure. It would work by democratically(directly or indirectly) appointed managers, that could also do as they wish with the profits of the state company they manage. This