Mark Carney says rules-based global order is over, offers blueprint for ‘third path’
(www.irishtimes.com)
Then how come every single time a country has attempted to adopt a heavily socialist model it fails to maintain its infrastructure and starts to see constant decay in productivity and wealth after a couple of decades?
It never seems to be able to maintain its initial momentum of a boom in improving living conditions and wealth inequality reduction, and eventually major infrastructure projects and even entire industries start falling into disrepair or cutting down due to lack of maintenance.
You say it's not a big issue, but ask anyone who lived in the USSR between 1970-1990 or in Venezuela or in Cuba, and they'll all say the socialist revolution brought some very needed structural changes at first, but then started letting the infrastructure and services they themselves built decay quickly and by the end almost nothing seemed to work well, everything was poorly maintained and major industries had become small, inefficient and slow.
I'm not advocating for capitalism, I understand what our lives look like and where their shortcomings are, but it doesn't feel like the push for socialism is ever able to address the problems that precisely have turned people away from socialist models in the past. At some point surely it makes sense to learn from the mistakes of others, so, what implementation of a socialist model prevents us from slowly letting everything decay?
I personally think the European and Northern European models of regulated capitalism are preferable over any example I've seen of a socialist model. And I also think it's way better than the bullshit they have in the US. Arguably all those European countries still have far too much concentrated wealth, and it makes sense to redistribute that.