memes

When I was a child, I was told that Communism failed because it gave no incentive for people to work hard and better themselves and their society. After all, if everyone is paid the same and has a guaranteed job, why worker harder than than anyone else? As an adult, I learned the same thing applies to workers in capitalist societies. In most companies, there is little reason to do more than the bare minimum needed to keep from getting fired. Promotions never happen as companies prefer to hire externally. Real raises and bonuses don't happen; you have to move companies to get a real raise. And of course, workers don't get any direct reward for working more. The owners just pocket all the profits and tell you to work harder.

I turns out both American Capitalism and Soviet Communism wasted colossal amounts of human potential.

This reminds me of that old series "And Now...The Rest of the Story".