Today was the 100th anniversary of the beginning of the Bolshevik Revolution, i.e., when the commies took over in Russia. In commemoration of such, I’d like to comment on the fundamental problems with communism, of which, if you think about it, there are really only two:
First, communism centralizes ownership of all resources and the power to decide how to use those resources to meet society’s needs.* That’s bad because, long story short, it limits how much brainpower can go into using those resources efficiently to meet those needs. Instead of taking advantage of the collective brainpower of bazillions of private decision-makers using privately owned resources in a market economy, communism relies heavily on the economic judgements of maybe a few dozen or a few hundred so-called experts.
Second, communists needed to murder 100 million people last century in order to get anybody else to go along with their bright idea.
Aside from that, it works really well on paper.
* Note: This is where people usually interject with something along the lines of “Centralization isn’t what Marx predicted or intended! A classless society with no private property blah blah blah” and then I pat them on the head and tell them how adorable it is when they try to think.