Look at the scale of the numbers involved, profits are around 15% across developed economies [1], which is not nearly enough to offset the difference between av

Look at the scale of the numbers involved, profits are around 15% across developed economies [1], which is not nearly enough to offset the difference between average Mongolian and what you'd consider a decent QoL. I don't see any evidence for that claim. What's more, planned economies don't seem to be particularly efficient at reducing waste or improving QoL, examples are plenty, from lake Karachay to unavailability of basic feminine hygiene products in USSR up until its breakup. [1]: eg https://www.bloomberg.com/news/articles/2022-08-25/us-corporate-profits-soar-taking-margins-to-widest-since-1950 https://www.bloomberg.com/news/articles/2022-08-25/us-corpor...