[AnthonyMouse]

> If central planning were a good way to run an economy, the Soviet Union would not have collapsed.

The Soviet Union put the first man into space and had severe shortages of food and consumer goods at the same time. Because that's what central planning does. It causes priorities to be distorted. Whatever the central planning committee is focused on happens and everything else withers and suffocates.

On net it's a massive catastrophic loss, but the places where resources are directed, get them in abundance. (This is also why it's extremely susceptible to corruption and favoritism.)