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Economic Consequences of Communism: Do you think communism failed because of oppression? No. You can brainwash and threaten people, keep them dangling like puppets, until the supply of goods starts to disappear. Economic reality always prevails. The problem with socialism is that you eventually run out of other s people money. Margaret Thatcher The economic consequences of communism are always the same - poverty, and this one comes with an ironclad guarantee - a lifetime warranty. People always spend their own money more carefully than someone else s. Capitalism is about efficiency. Private businesses must spend their capital very carefully. They cannot afford to make investments in their business, unless they are sure it will be worth it. A mistake could result in an increased price for their product, reduced cash-flow, loss of competitiveness, eventual bankruptcy.

Slovak republicUnited statesCzech republicMargaret thatcherVaclav klausNikita khrushchevVladimir ilyich lenincommunismVladimir ilyich leninGeorge orwellYuri bezmenovJonathon porrit ellis nadlerGus hallUn intergovernmental panel on climateUs green partyParty united statesSurvived communism