Just rediscovering an obvious fact that was always known. In the 50s it was conventional wisdom that the Soviet and DPRK models were producing faster growth than the West. The only times the West ever did anything impressive it was with heavy state planning and investment. It’s actually remarkable how everybody just… fucking forgot that from the 70s on.
There is a difference between having central planning at state level, and what happens under late stage capitalism where oligarchs cannibalize the country.
Just rediscovering an obvious fact that was always known. In the 50s it was conventional wisdom that the Soviet and DPRK models were producing faster growth than the West. The only times the West ever did anything impressive it was with heavy state planning and investment. It’s actually remarkable how everybody just… fucking forgot that from the 70s on.
Exactly, the US didn’t become a dominant economic power by leveraging markets, it’s was done through massive state planning and command economy.
All economies are planned. The only question is who does the planning.
Do you leave that to a bunch of MBAs focused on quarterly profits, or a bureaucracy charged with looking for a state’s long term interests?
There is a difference between having central planning at state level, and what happens under late stage capitalism where oligarchs cannibalize the country.
The people who know it’s all bullshit slowly died out while the true believers took over.
and thank god they did