An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Of course according to the glassy eyed neoliberal cultists, any minimal ammount of Government central planning is far worse than the gazillion private sector (no planning) screw ups we see every year.
Proof of course is the "disaster" of Soviet central planning. Not to say they couldn't have done a better job, but it is regardless that the Soviet Union was a fairly backward, developing country, largely cut off from developed world trade, educational resources and technological advances. All the while being covertly undermined by Western strategists. They did hell of job industrialising the military complex, kicking Germany's lame free market ass into oblivion.
Look at the consolidated sum of Western educational research compared to the educational history and resources of the Soviet Bloc. China is a different story, with a large talent pool and Mandarin culture, central planning mixed with private sector incentive isn't doing too shoddy.
With modern planning systems, as used by corporations with $100+ billion revenues per year. A country today could make a much better fist at supply and demand matching even with extreme Soviet style central planning.
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Of course according to the glassy eyed neoliberal cultists, any minimal ammount of Government central planning is far worse than the gazillion private sector (no planning) screw ups we see every year.
Proof of course is the "disaster" of Soviet central planning. Not to say they couldn't have done a better job, but it is regardless that the Soviet Union was a fairly backward, developing country, largely cut off from developed world trade, educational resources and technological advances. All the while being covertly undermined by Western strategists. They did hell of job industrialising the military complex, kicking Germany's lame free market ass into oblivion.
Look at the consolidated sum of Western educational research compared to the educational history and resources of the Soviet Bloc. China is a different story, with a large talent pool and Mandarin culture, central planning mixed with private sector incentive isn't doing too shoddy.
With modern planning systems, as used by corporations with $100+ billion revenues per year. A country today could make a much better fist at supply and demand matching even with extreme Soviet style central planning.
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