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by google234123 1992 days ago
This is historical revisionism. The soviet leaders tried to copy the success story of Deng Xiaoping's transitions from socialism to capitalism in China. The planned economy system just didn't work. The "US Empire" can't explain why by the late 1980s, the Soviet Union had 4x tractors as the United States which was totally wasteful.

Here is a good article on why it's computationally challenging to completely plan an entire economy. https://chris-said.io/2016/05/11/optimizing-things-in-the-us...

1 comments

Prices are information. That information turns out to be very useful when planning an economy.