[syki]

Look up Wernher Von Braun. A group of people thought Jim Crow was a great idea. A group of BP executives thought it was a great idea to not fix oil leaks in Nigeria and poison a bunch of people. I think you miss the point. People with power in any system can use that power for bad. It’s not the economic system that causes this it’s shitty humans that do.

[mantas]

Thing is, in democratic market economy system there're various checks & balances. Sooner or later (usually, sooner) we learn about all of those issues. If somebody just bids on a wrong evolutionary path... Well, there're many investors bidding on all possible paths. Some win, some loose.

In soviet central planning system, few people make decisions that affect many and there's was redundancy. No free press. No political opposition. No economic rivalries to challenge. Same in civic/industrial evolution. If a committee decides to pursue idea X and drop idea Y.... So be it.

There was no democratic feedback mechanism either. Public is not happy that state money is used to prop up revolutions all around the world while one's citizen are living in poor condition? Tough luck, party line is never wrong.