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by idiotsecant 417 days ago
There are undeniably ways in which the command economy is simply more efficient. The party can decide that in 10 years they will be world leader in this or that, put resources toward it, and accomplish that goal. That doesn't mean the Chinese way is best for everyone, and there are certainly humanitarian issues, there are inefficiencies typical of a command economy, and there are unintended consequences, (tofu dreg, etc) but it's undeniable that they're currently getting stuff done.
1 comments

Yeah, more efficient in making suboptimal decisions for everyone in the country.

With freedom of thought and markets, you get competition of ideas, which ultimately selects a better solution than any central planner can plan.

This is simply and verifiably false. How much new transmission infrastructure has China built in the last 2 decades? How much renewable generation? Say what you will about competition of ideas, but when it comes to getting the big iron projects completed and objectives met China has us beat, hands down. Building and maintaining infrastructure isn't working in the US right now.