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> China lacked the long history of economic mistakes, and economic success necessary to successfully manage complex economic systems at scale. Are there ANY co
by collatz 11y ago
> China lacked the long history of economic mistakes, and economic success necessary to successfully manage complex economic systems at scale.
Are there ANY complex economic systems that have been successfully "managed" at scale?
- rrggrr 11y agoDepends on what you mean by 'managed'. We know centally managed economies spectacularly fail given enough time. We know that opaque financial entities implode. We din't yet know what the future holds for moderately regulated, mostly free market capitalism, except that the entire global economy has relied on it at great benefit the past 100 years or so. The fat lady has not yet sung.