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I'd argue that this wasn't "managing the market", it was dropping suicidal economic policies that kept the entire population in serfdom. The state actually gav
by natechols 8y ago
I'd argue that this wasn't "managing the market", it was dropping suicidal economic policies that kept the entire population in serfdom. The state actually gave up a huge amount of control in the process (relative to the status quo circa 1970). It's still much more "managed" than other developed nations, but vastly less so than under Mao.