[twoodfin]

In all seriousness, that’s basically what the Soviets thought they were doing—and why—from (at least) 1945 on.

It really didn’t work out, despite sometimes giving the appearance of a plausible alternative to the capitalist world.

[prewett]

I don’t think the problem with the Soviets was doing everything themselves, which seems to be working okay for China. The problem is that centralized planning doesn’t work, and the system dehumanized people and destroyed incentives for people to innovate.