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this post was submitted on 26 Sep 2023
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Socialism
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It is definitively proved that neither planning nor pure markets fucking work. You need to plan and or regulate the things that markets are known to fail on and let the market allocate the resources not needed to provide basic or societal needs. This isn't rocket science or credibly in dispute. We know what in broad strokes actually works.
You should let China know that planning doesn't work. 🤣
China is a market economy with strong central controls it mixes market and planning as I have suggested.
China is very much a planned economy where the party comes up with 5, 10, and 25 year plans that are then executed. Markets are strictly subordinate to central planning.