3 ms·

> central planning misallocation Having somebody in charge of the economy that does not understand that he doesn't understand how the economy works.

• elcct 10y ago
  Socialists don't understand economy so there you go
  • huherto 10y ago
    You can't generalize. Certainly Hugo Chavez didn't. Since Venezuela was a democracy you could also argue that democracies wreak havoc in the economy.
    • elcct 10y ago
      I am not generalising. But whilst you are at it pin water to it as socialists drink water as well.