/biz/ - Business & Finance

>>53249032
>>53248652
It doesn't work for the same reason the current US system doesn't work, which is that central planners (central bankers in the USA) concentrate wealth into the hands of a small elite. It ultimately did not matter that countries like China and the USSR claimed they were redistributing wealth to everyone, because that's not waht actually ended up happening. You had party officials who were rich people drinking imported champagne from the decadent french while having nice italian suits and American muscle cars and justifying it by saying their position as party secretary made them invaluable, then the average pleb working in a factory to afford a chaika, some hard bread and rice or whatever, maybe a little commie television. Modern china of course is an even worse version of this because the party doesn't even hide the inequality it's just 'fall in line, this is marxism, trust me'.

All systems which concentrate money and power are flawed by design and will lead to tyranny and wagecuckery.