I think that your reference to "disastrously"is overblown. The USSR made incredible progress, overcoming the destruction of two world wars, and with an economy undermined by Cold War threats and sabotage. The recent capitalist development in both Russia and China would be impossible without the infrastructure put in place under planning.
The aggressive attitude of the United States also helped to reinforce the inertia of the old Soviet Communist Party. On Mon, Mar 09, 2009 at 11:42:43AM -0700, raghu wrote: > > Interesting discussion. A natural question is why did central planning > fail so disastrously in communist USSR and China, while WalMart and > UPS are doing it so successfully? Is it because of market discipline? > -raghu. > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
