The Berlin Wall: Doomed by Economics

“[T]he US economy is about capital accumulation. However, were it to transition into the fantasies of Sen. Bernie Sanders (I-VT) or Rep. Alexandria Ocasio-Cortez (D-NY), it would transform into a state of capital consumption, eating away at all its resources. Considering the United States has trillions of dollars in capital, it might take a long time for the Land of the Free to crumble to nothing.

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The Soviet Union had access to vast amounts of assets, which were redistributed until the coffers were drained since it failed to produce sufficient new wealth. . . . . [It] failed to generate wealth because it abandoned rudimentary market principles. 

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When your government needs to rely on the Sears catalog to determine the prices of furniture or clothing, then you know that your government has abandoned reason.

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[E]very remnant of the Soviet bloc eventually would have been torn down — with or without President Ronald Reagan’s famous words. The façade of communist power could not have lived on in perpetuity. The Soviets, the Nazis, the Khmer Rouge — these totalitarian regimes would have been conquered, not by standing armies but by economics.”

https://mises.org/wire/berlin-wall-doomed-economics