+Save Capitalism, Save America+

In Seven Things I Learned About Transition From Communism, Russian-born Harvard economics professor Andrei Shleifer pointed out that "recovery and rapid growth occured nearly everywhere" after temporary declines as Russia and the Soviet states transitioned -or to use a recently more fashionable term, "transformed" - their economies to more capitalistic ones. And, yes, "economic transformation takes time." Nothing too shattering or surprising really. Read the whole thing if you like. Its just a click away at the hyperlink in the first sentence here.

There are some people who would argue for (and some of them working towards) going in the opposite direction despite its expected ruinous and tyrannical effects on everyone upon who this mad experiment and ideology is imposed.

Transitioning or "transforming" TO Communism away from Capitalism means increased poverty, misery and authoritarianism. This is because, as Adam Smith so astutely emphasized, "the property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable." 

I'de like to share a quote from Mark Levin's Ameritopia here, to further explain the situation:

As Karl Popper noted, Vladimir "Lenin was quick to realize [that] Marxism was unable to help in practical economics. 'I do not know of any socialist who has dealt with these problems... there was nothing written about such matters in Bolshevik textbooks or in those of the Mensheviks.'

As Lenin admits, 'there is hardly a word on the economics of socialism to be found in Marx's work...'

Man's nature and history are not neatly defined through economic classes, whose members are easily categorized. To say that man exists in essentially one of two economic conditions - a bourgeois or capitalist/landlord class or a proletariat or working class, with the former perpetually exploiting the latter and the latter perpetually exploited by the former - is simply erroneous.

The likelihood of [Communism's] ruling proletariat might break into factions and internal power struggles, with would-be masterminds competing for control over the society; or that once in position to exercise absolute power a dictator or supreme party would voluntarily surrender their power and wither away [when it was theoretically time for the classless utopia to grow out of all this hypothetically brilliant socialism] are not even addressed in the Communist Manifesto. To have done so, however, would have required Marx and Engels to [...] acknowledge the hopelessness of their utopia [...] Notwithstanding one hundred years of communist tyranny and mass genocide, the fanatics cling to their utopia.

See also 


-ECONOMIC CALCULATION IN THE SOCIALIST COMMONWEALTTH by Ludwig von Mises

http://mises.org/econcalc/ch1.asp

-MIDDLE OF THE ROAD POLICY LEADS TO SOCIALISM by Ludwig von Mises
http://mises.org/midroad/mr2.asp
-AN INTRODUCTION TO AUSTRIAN ECONOMICS by Thomas C. Taylor
http://mises.org/austecon/chap1.asp
-THE FUTURE OF LIBERTY by George Reisman
http://www.capitalism.net/Future%20of%20Liberty.html