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I agree 100%. Central planning always fails. Only bottom up, organic adoption will have any success.
Is that why China has risen to be the largest most productive manufacturing economy in the world?
Free markets are always subservient to nation states and nation states and their ability to organise the resources and power projection of their jurisdiction are crucial to the wealth of all nations.
The primary reason the west has been so successful has been its success in power projection and resource hegemony which mostly occurs via the strategy and imperatives of the nation state.
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0 sats \ 1 reply \ @jgbtc 2h
The only reason they aren't eating dirt in China is because of free market reforms. Communism equals slavery so of course they have a productive manufacturing economy with so many slaves to work in the factories. But they allow just enough free market activity so the whole evil system doesn't collapse like the house of cards it is. It will collapse though because central planning always fails.
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Don't let reality get in the way of your Libertarian dogma. Chinas success is based on its determination to develop in its own way and on its own terms. Instead of following the duplicitous 'advice' of western organs of subjugation and imperialism, like the World bank and IMF, China has developed a unique economy based upon its natural strengths and cultural characteristics. It has enjoyed trade surpluses, massive and growing trade surpluses for the last 35 years while the USA and other western economies have suffered over 5 decades of chronic and growing trade deficits. The only thing keeping the USA going is its global fiat debt hegemony via the USD and associated institutions of capture and control- World Bank, IMF, BIS etc. Otherwise the USA is INSOLVENT. Nobody seriously believes it will ever repay its $36+ Trillion debt. Western manufacturers cannot compete with Chinese manufacturing- China has won the trade war. No nations wealth has ever been solely due to free enterprise but has always largely depended upon the nations power projection. The wealth of nations is very much reliant upon the governments of nations. Libertarians are dreaming when they propose otherwise.
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