3 ms·
Planned economy works until they don't. For one it can only react to trends after they emerge by playing catch-up, instead of birthing run-away successes out of
by ssnistfajen 7y ago
Planned economy works until they don't. For one it can only react to trends after they emerge by playing catch-up, instead of birthing run-away successes out of nowhere. I am against a completely unregulated free market in principle but that doesn't mean having to follow state-directed planning to the exact step.
- matthewdgreen 7y agoIt's hard to look at the US's current minimal investment in renewable technologies as a rational response to current trends. It's obvious to anyone who pays attention to the science that electric transportation and renewables is going to be a huge business in the future. If our markets don't plan on a large enough time horizon, that's a huge disadvantage for our system.