Quote from futures_shark:
I know what communism is, do you?
Communism
1. A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
How did I misuse the term? The poster I was referring to seems to think the State has to regulate everything, or in other words, control the economy.
I didn't want to go into more detail for fear of hijacking the thread, but since you mentioned it, maybe you have an example of where government actually solved a problem. And it doesn't count if the problem being solved was caused by government in the first place.
Here's a version based on the original Communist Manifesto of Marx and Engels:
An economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production. In its ideal form, social classes cease to exist, there is no coercive governmental structures, and everyone lives in abundance without supervision from a ruling class. Karl Marx and Friedrich Engels popularized this theory in their 1848 Communist Manifesto.
You see it's exactly the opposite of what happened in China and the Soviet Union. Unfortunately, the term got hijacked...and now people use it as you do to mean an authoritarian command economy setup. Notice that the definition you chose to post was #2 and not #1. Having said that, I agree that there can be too much regulation. However, the nutritional industry is ripe for a bit more based on my own observations.
As to benefits/problems solved by the government. There are many projects which don't provide an immediate economic return but which still make great sense in the long run for a society to support.
A. Public Works [dams, harbor and river clearance, roads, etc...]
B. National Parks
C. Armed Forces [security]
D. Police, Fire, Sanitation
E. Environmental Protection
F. Court Systems
G. Public Universities, Student Loans, etc...
Putting aside the cynicism we all naturally have about our government right now, it's actually been a great idea and for many years was a spectacular success.
BTW, I'd like to apologize for my tone in the last post. It really is just a pet peeve. Sorry to lay it out on you.
Sam
