> The more developed a nation the more centrally controlled it is? Yes, generally, but it's not linear and 1-1. The USSR was not more developed than the US, it

> The more developed a nation the more centrally controlled it is? Yes, generally, but it's not linear and 1-1. The USSR was not more developed than the US, it doesn't work like that, but the trend is: the more developed a nation is, the more centrally controlled the economy will be. Why? Because as nations develop, the government has BOTH the capital and motivation to more tightly control the economy. Underdeveloped countries simply don't have the capital to enforce economic planning. They might have laws on the books, but it doesn't matter, they can't enforce them. The US has laws on the books, and the capital to back it up. On a macro level, the US government is very closely monitoring and steering the economy. Of course through control of the currency, the Fed, taxes, regulation, subsidies, tariffs, contracts, and more. Consider what makes up our GDP - healthcare alone is 20% ish. How is that controlled? Through our regulations and structure established and maintained by the US government.