Re: Re: Re: why the ussr crashed

[JKSCHW@xxxxxxx]

In a message dated 7/22/00 3:34:16 PM Eastern Daylight Time,
khanly@xxxxxxxxxxxxxxx writes:

<<  By the way are there to be entrepreneurs under market socialism? Unless
they
 have control of capital they own and risk that how can they do anything but
play
 at being entrepreneurs as von Mises claims? >>

Well, they don't own the capital they invest. But they stand to gain or lose
the profits from its investment, and the chance to get more investment
capital--this is under the Schweickart model--because if they blow it the
state banks won;t be likely to give them any more money. So they do have
control over some capital and put their expected profits at risk. --jks