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.
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.