As a Rand and Mises loving capitalist myself, I’ve always thought the domino effect theory is all kinds of stupid, and could be seen as an admission of weakness by capitalist countries, & by capitalist philosophers and economists.
Economic theory[1] suggests that a Communist country will fail economically - and that’s in the best case where Communism has very strong popular support. Probably what will happen - and indeed what has happened every place it’s tried - is some combination of economic failure, gulags, famine, mass murder, and eventual abandonment of Communism. Furthermore, intervention will give failing Communist regimes an excuse for their failures.
So why intervene? Intervention / war is not in the interests of the US or her allies; it’s just another form of colonialism; it’s very expensive; and if the US is right about the evils of Communism[2], the world will pretty quickly see how poorly it performs.
The answer of course is cronyism and corporatism 🤮
As a Rand and Mises loving capitalist myself, I’ve always thought the domino effect theory is all kinds of stupid, and could be seen as an admission of weakness by capitalist countries, & by capitalist philosophers and economists.
Economic theory[1] suggests that a Communist country will fail economically - and that’s in the best case where Communism has very strong popular support. Probably what will happen - and indeed what has happened every place it’s tried - is some combination of economic failure, gulags, famine, mass murder, and eventual abandonment of Communism. Furthermore, intervention will give failing Communist regimes an excuse for their failures.
So why intervene? Intervention / war is not in the interests of the US or her allies; it’s just another form of colonialism; it’s very expensive; and if the US is right about the evils of Communism[2], the world will pretty quickly see how poorly it performs.
The answer of course is cronyism and corporatism 🤮
[1] The ones I agree with, anyhow 😉
[2] And I think it is.