A Coming Change in North Korea’s Politics?

Starving North Koreans appear to be forcing changes in the political sphere.

From Austrian economist Gary North at the Tea Party Economist:

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.

The experiment has failed.