Tahuti
Writing Deity
- Joined
- Nov 17, 2005
- Messages
- 9,492
Let's face it, the state's a horrible planner, based on all the shortages and surpluses.
Not in itself. The problem is that the state - being the most powerful entity - usually has much less interest in planning properly. Planned economies and free markets are just different types of economic decision making and neither is inherently superior to the other. Markets do tend to be more smaller in scale than planned economics, making decision making easier, which may explain why Western capitalist economies tend to beat Soviet-style planned economics (note that I didn't say Communism).