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This was 100% a problem caused by central planning and failure to consider second order effects. But at the core the problem was blindly following the suggesti
by more_corn 4y ago
This was 100% a problem caused by central planning and failure to consider second order effects.
But at the core the problem was blindly following the suggestion of a leader who is not making evidence based decisions. This will always end in tragedy.
I regret to report that such leaders can and do emerge under every economic system.
Maybe free markets are less susceptible to them because the leaders have less power over people’s lives in free markets.
Perhaps the takeaway should Be to limit the power our leaders have over us because the world is complex and a central plan will never encompass the realities of every individual.