2 ms·
Like it or not every, non-failed-state, modern economy is a centrally-planned one. The economy never lives in a vacuum, it's always a product of the institution
by stymaar 3mo ago
Like it or not every, non-failed-state, modern economy is a centrally-planned one. The economy never lives in a vacuum, it's always a product of the institutions that govern them (regulations, subsidies, taxes, etc.) Something is always “the most cost-effective option” because the institutions made it so.
- andrekandre 3mo agowell, just to add to that: you cant even have any kind of economy at scale without some central authority to enforce property rights or contract law etc anyways...