How old are you? Did you go through COVID? Capitalism doesn’t do disasters well at all. Every cost is minimized. So emergency supplies go unmaintained. If it doesn’t help the stock price annually it doesn’t get done.
50, yes and most nations did poorly the reason for America’s failures have to do with American healthcare as most market economies handled it much better than the planned ones did. China did much worse but that rarely made China’s news.
Im well aware of what a planned economy is as I have taken economics courses. Historically speaking planned economies have performed extremely poorly because humans are bad at predicting the future. Until circumstances change to the point where we can reliably predict the future planned economies will always perform poorly compared to market based ones.
How old are you? Did you go through COVID? Capitalism doesn’t do disasters well at all. Every cost is minimized. So emergency supplies go unmaintained. If it doesn’t help the stock price annually it doesn’t get done.
50, yes and most nations did poorly the reason for America’s failures have to do with American healthcare as most market economies handled it much better than the planned ones did. China did much worse but that rarely made China’s news.
American healthcare is capitalist. It’s insurance companies and for profit hospitals. That’s why it’s bad. Healthcare is an inelastic demand.
China isn’t a Democratic State. I’m not arguing that just having one guy handling all the economic planning is a good idea.
Im well aware of what a planned economy is as I have taken economics courses. Historically speaking planned economies have performed extremely poorly because humans are bad at predicting the future. Until circumstances change to the point where we can reliably predict the future planned economies will always perform poorly compared to market based ones.