Saturday, July 16, 2011

Did Soviet central planners prove their superiority by producing goods no matter what people actually wanted?

For example Soviet central planners dictated what would be made, like shoes, in various sizes, etc., without regard to what citizens actually wanted or needed. With President Obama declaring innovation is a "structural issue" in the economy that must be met with a government response, is the Soviet model superior and should therefore be adopted in America? Is there anything Americans would love more than ill-fitting shoes that government decided needed to be produced?

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