No More Communism! North Korea Capitulates: Farming.
by Gary North, Lew Rockwell:
The last bastion has fallen. The last hold-out is no longer holding out. North Korea now allows collective farms to lease land to peasants. The peasants pay 30% of the crop to the collective.
This is sharecropping. This is what the USA had in the South after 1865. This is a move to capitalism.
We can be sure of this: output will rise. This is what Deng did in 1978. He freed up agriculture. The boom began within a year. Starvation is the mother of political invention.
The peasants will buy into this if they believe they will really get to keep 70%. It may take a couple of years to persuade them. They have reasons to be skeptical. They are suspicious. But if the collectives abide by the rules, Communism is finished.
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