Central planning has been shown to be a failure, both by the economists in theory, and by the collapse of USSR and allies in practice. But China has always been thought to be an exception. Of course one reason has been the patriotism of its ruling elite. They seem to do what benefits China, at any given moment, and for that they are ready to junk their ideology, or at least economic component of it.
Have Wages Of Chinese Central Planning Hit Home?
Have Wages Of Chinese Central Planning Hit…
Have Wages Of Chinese Central Planning Hit Home?
Central planning has been shown to be a failure, both by the economists in theory, and by the collapse of USSR and allies in practice. But China has always been thought to be an exception. Of course one reason has been the patriotism of its ruling elite. They seem to do what benefits China, at any given moment, and for that they are ready to junk their ideology, or at least economic component of it.