Each round of centrally planned malinvestmemt in make work lowers the flexibility to deal with the next one, at the same time increasing the moral hazard for fi

Each round of centrally planned malinvestmemt in make work lowers the flexibility to deal with the next one, at the same time increasing the moral hazard for firms to expect the government to make good their losses. It also tends to create people dependent on governments as a source of livelihood, which robs them of economic agency. All because a guy who actually didn't study economics waved away the long term structural issues by stating 'in the long run, we are all dead'