​Central Planning: China’s Miracle… And Malaise – Tyler Durden

Central Planning: China’s Miracle… And Malaise Authored by Charles Hugh Smith via OfTwoMinds blog, The illusion created by the initial success of central planning is that it can continue indefinitely, when the reality is it’s unavoidably self-liquidating as the distortions unravel the entire economy. China offers a real-time case study of the upsides and downsides of central planning, broadly defined as the central state establishing the goals, financing, incentives and regulatory structure for various sectors of the nation’s economy. In the U.S., examples include the transformation of the American economy to wartime production in World War II, and the razing…  — Continue at ZeroHedge News : Read More