> China’s 10th Five-Year Plan
Central planning doesn’t work.
Central planning doesn’t work.
For the record, I am confident that when Xi appointed himself emperor, it was a clear sign of their system having failed.
edit: As a counterpoint, temporary central planning of the US economy is exactly how the USA won WWII. I often think about this when I consider what can be done about anthropogenic climate change.
Centrally planning an economy for (hundreds of) millions of free people just going around their lives doesn't. Central planning requires rationality, but people do things just because they feel so.
Yes, in the case of WWII, central planning led to many US car manufactures losing the freedom to manufacture cars. In exchange, we beat the Nazis, freed Europe, and stopped the holocaust.
I'd say that was a pretty good deal.
note to anyone reading this: Please attempt not to use simplified, polarized thinking for a moment. Communism can be bad/evil at the same time that temporary central planning to achieve a goal can be good.
The administrative state has never been larger, and the federal government that controls it has never deployed and hoarded more power and money.