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This is seriously a terrible take. If you want to look at centrally planned economies, you need look no further than the Soviet Union, post WW2 china, and post-
by LarsDu88 3y ago
This is seriously a terrible take. If you want to look at centrally planned economies, you need look no further than the Soviet Union, post WW2 china, and post-partition India.
Soviet Union make 85,000 T-34 tanks (with a large amount of industrial and technological support from the United States).
India adopted the centrally planned economy with western style democracy.
China basically mirrored the Soviet Union until the 1990s.
These three nations basically languished enormously under centrally planned economies and didn't recover until the 1990s when all three of them switched over to free markets
- asdff 3y agoI think there are a lot more variables in play than a simple boolean of whether or not the economy was centrally planned that explain the past 100 years of these countries. These comparisons always strike me as contrived because they aren't perfect experiments of A US government in one universe compared to a US government in another where the only variable you've changed is the economic system. It's a comparison of the US versus Russia and India, like comparing apples to oranges and grapes.