I just find the whole crying about state subsidies really funny in principle. Literally the whole argument for using markets over having a planned economy is that they’re supposed to allocate resources more efficiently. Yet, now we constantly see economies that defer to markets complain that command economies are able to produce things more efficiently than they are.
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.
I just find the whole crying about state subsidies really funny in principle. Literally the whole argument for using markets over having a planned economy is that they’re supposed to allocate resources more efficiently. Yet, now we constantly see economies that defer to markets complain that command economies are able to produce things more efficiently than they are.
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