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> China’s 10th Five-Year Plan Central planning doesn’t work.
by apantel 2y ago
> China’s 10th Five-Year Plan
Central planning doesn’t work.
- consumer451 2y agoSeems to work a lot better when we, the fools that we are, fund it. For the record, I am confident that when Xi appointed himself emperor, it was a clear sign of their system having failed. edit: As a counterpoint, temporary central planning of the US economy is exactly how the USA won WWII. I often think about this when I consider what can be done about anthropogenic climate change.
- throwaway11460 2y agoTemporary central planning in pursuit of a single common goal works at the cost of individual freedoms. Centrally planning an economy for (hundreds of) millions of free people just going around their lives doesn't. Central planning requires rationality, but people do things just because they feel so.
- consumer451 2y ago> Temporary central planning in pursuit of a single common goal works at the cost of individual freedoms. Yes, in the case of WWII, central planning led to many US car manufactures losing the freedom to manufacture cars. In exchange, we beat the Nazis, freed Europe, and stopped the holocaust. I'd say that was a pretty good deal. note to anyone reading this: Please attempt not to use simplified, polarized thinking for a moment. Communism can be bad/evil at the same time that temporary central planning to achieve a goal can be good.
- throwaway11460 2y agoSure, I agree. But I want to live in a free world unless this is absolutely necessary.
- consumer451 2y agoDefinitely!
- orf 2y agoIs your implication that there should not be sequential 5 year plans?
- pasabagi 2y agoEh, Germany, Japan, and the US all extensively used central planning after WW2. The results speak for themselves. The Chinese government, for it's many faults, has a good track record when it comes to modernization.
- antifa 2y agoCentral planning is actually awesome and effective. The biggest problem in the US today is probably a complete lack of any kind of planning at all.
- lurking15 2y agoCentral planning is bad and ineffective, and the US has incredible amounts of central planning. The administrative state has never been larger, and the federal government that controls it has never deployed and hoarded more power and money.