Not only does it make sense from a global perspective, but it also makes sense economically. China would still be in the gutter if they didn’t have market engagement. The USSR, for example, failed dramatically at trying to have a strictly command-based economy.
skidicarus
joined 1 week ago
I’ll wait and see which way the Democrats decide to go. If it’s another “come together, let’s bring back bipartisanship” deal, then it’s a waste to cast a blue ballot.
The same was said in 2024. And 2020. And 2016. And every election before that.
I don’t see the evangelical brand of Christianity persisting into the future. It’s an odd lot anyway, but I think it’s the end of the rope.
I believe so, yes. Other to a the well-documented issues that arose from the information problem, Vivek Chibber has done some recent work on the incentive problems that also plague Soviet-style command economies. https://confrontingcapitalism.substack.com/p/why-soviet-style-planning-fails