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by RandomLensman
1402 days ago
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German industry was very interconnected with limited domestic competition in those days - a free market it was not by a long shot. Edit: It's fine to make broad claims about free market and growth, but please provide some citations to back up sweeping statements (and also to allow to go deeper into definitions). |
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Communist economies always wind up facing famine.
Communist China, for example, switched from a communist economy to a free market one. Look at the results. Korea split in two, one communist, one free market. Which one prospered? East vs West Germany, same story.
The US tried central economic planning for gasoline in the 1970's (repealed by Reagan as his first EO). Disaster. The US tried central economic planning for airline routes, fares, and schedules up until Reagan ended that. The result was a huge increase in efficiency and low fares.