People who fret over some sort of soviet style collapse are delusional. If our system "collapsed" (whatever that even means for a mostly free market), what would happen? The next day, people would realize they still need food to eat, a place to stay, other goods and services. They would realize they need to provide some kind of service or create some kind of good to trade for what they need. They would realize they need some good of common exchange (currency). They would essentially attempt to create a new market for goods and services. This was difficult for the soviets because their entire economy, nearly ever good and service, had previously been handled by the central authority. Here, we'd pretty much continue what we've been doing. The most heavily regulated sectors (banking and finance, healthcare, education) would probably see the biggest disruptions, but I'm pretty sure we'll figure out how to provide these things.
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07-08-2015, 10:02 PM
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