No, it doesn't. It assumes that all economic entities are perfectly informed perfectly rational entities working in a way to maximise their own economic potential. It makes no comment about people at all. If you assume that individual people are economic entities (dubious at best) it's predicting that they will be perfectly selfish about the goal of maximising their own economic potential and have no other goals whatsoever. Moreover it assumes that although they are selfish they will never use coercive measures against other economic entities.
Which seems to be just as ridiculous as assuming everyone is selfless (which communism doesn't do).
There are a lot of reasons why communism has failed, but common wisdom that it was a lack of taking into account "human nature" seems totally bogus.
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Date: 2008-01-24 07:23 am (UTC)Which seems to be just as ridiculous as assuming everyone is selfless (which communism doesn't do).
There are a lot of reasons why communism has failed, but common wisdom that it was a lack of taking into account "human nature" seems totally bogus.