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"Does that imply that command economies are actually more efficient than market ones?" I think it's probably similar to politics. A well-run dictatorship can d
by Ididntdothis 7y ago
"Does that imply that command economies are actually more efficient than market ones?"
I think it's probably similar to politics. A well-run dictatorship can do better than a democracy but usually dictatorships deteriorate after a while.
- vkou 7y agoI think it has to do with leadership. Corporate leaders get sacked by the board rather quickly if they completely screw up. Most of them also don't blatantly steal from their firm. Regime change in governments happens much slowly.