Markets, not Capitalism, can be useful at lower stages of development. However, over time, they become more and more exploitative and inefficient, transforming into Imperialism across international lines. Public Ownership and Central Planning becomes more efficient with respect to the level of development of market industries.
Markets, not Capitalism, can be useful at lower stages of development. However, over time, they become more and more exploitative and inefficient, transforming into Imperialism across international lines. Public Ownership and Central Planning becomes more efficient with respect to the level of development of market industries.