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>Central planning has a very good record in countries like China It's got a very terrible track record in China; the government caused tens of millions of its
by logicchains 2y ago
>Central planning has a very good record in countries like China
It's got a very terrible track record in China; the government caused tens of millions of its own people to starve to death, and set the economic development back decades. The GDP per capita in Taiwan is more than double that of China currently, but both started at a similar position. If China had had a similar political system to Taiwan, its people's standard of living would be much better.
- crop_rotation 2y ago> If China had had a similar political system to Taiwan, its people's standard of living would be much better. This is just absurd. Taiwan's entire economy is TSMC + some small things. Copying political systems doesn't get you per capita standard of living. Yes Mao's China did stupid things but post Mao China has done well economically atleast. They had an enviable job of bringing so many people out of extreme poverty and have done well.
- Ray20 2y ago>They had an enviable job of bringing so many people out of extreme poverty and have done well. Literally zero work is required for this. You just need to stop keeping people in extreme poverty - and that's it.