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China has a mixed economy, not a command economy. My point is that the analogy of US in WW2 doesn't really hold up because the US had an excellent economy thro
by fighterpilot 5y ago
China has a mixed economy, not a command economy.
My point is that the analogy of US in WW2 doesn't really hold up because the US had an excellent economy throughout WW2 relative to others which fueled their excess industrial production. China would be in the opposite situation - economic collapse.
Would China be able to maintain industrial production by forcing workers and firms to produce equipment despite economic collapse? Perhaps. But the US in WW2 shouldn't be considered historical precedent, due to the above distinction.