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You're right that central planning offers more opportunities for corruption and bias but I fail to see how that would be the major cause for failure of the Sovi
by pm90 6y ago
You're right that central planning offers more opportunities for corruption and bias but I fail to see how that would be the major cause for failure of the Soviet system. China still follows the central planning model, and has had much success.
Most scholars seem to agree that the Soviet system failed simply because when the people realized just how stark the difference were in the standard of living between themselves and the Western nations, they simply did not want to live in the same system anymore [0].
[0]: https://foreignpolicy.com/2011/06/20/everything-you-think-you-know-about-the-collapse-of-the-soviet-union-is-wrong/ https://foreignpolicy.com/2011/06/20/everything-you-think-yo...
- BurningFrog 6y ago> China still follows the central planning model, and has had much success. No. Not at all. China was centrally controlled and planned by one man 1949-1976. That was maybe the worst regime in human history, and killed 50-100 million of its own citizens. After some turmoil China moved to a decentralized market model for the economy, which has produced the biggest raise in living standard in history.
- pm90 6y agohttps://en.m.wikipedia.org/wiki/Five-year_plans_of_China https://en.m.wikipedia.org/wiki/Five-year_plans_of_China
- thaumasiotes 6y ago> China still follows the central planning model, and has had much success. The success and the central planning model happen in different areas. You might be interested in https://www.viki.com/tv/36371c-like-a-flowing-river https://www.viki.com/tv/36371c-like-a-flowing-river - it's a recent period drama about the economic reforms of the 1980s.