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This is a pretty crazy post full of misunderstandings and misinformation. For example, the existence of government spending does not mean the country's economy
by enraged_camel 3y ago
This is a pretty crazy post full of misunderstandings and misinformation.
For example, the existence of government spending does not mean the country's economy is centrally planned. Central planning refers to a very specific type of system where the central government plans the minutiae of the economy, such as how many widgets will be produced per year and how much they will be sold for. In Western economies, those decisions are made by market participants.
- mempko 3y agoHow many board of directors out there control half the economy (boards make all the important decisions). I bet it's smaller than the number of aparachiks. US economy is centrally planned, just not all publicly planned.