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0 pointsMarkPNeyer8y ago0 comments

> their failure was in not planning the economy as much as their critics want

The argument for capitalism is that _no single entity can do this_ planning. It's not as if capitalist economies have a 'capitalist planner' who's better at planning that the socialist planner. Capitalist economies don't have one person - or agency - in charge of planning or shaping the economy. Bottom up, not top down.

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coliveira8y ago

Since most capitalist economies have never fully developed (especially in Latin America), this cannot be traced something that Venezuela did of not. It is, again, a bogus criticism.

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