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0 points0xpgm2y ago0 comments

The USSR collapsed because of imbalances caused by decades of centralized planning and control.

China survived communism because it implemented free-market reforms (while retaining centralized control in the political structure).

I'd say generally, the free market is what makes economies work.

Edit: minor rewording

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RHSeeger2y ago

No, some amount of "free market" leaning is useful. But absolute free markets are catastrophic to society. I'm not aware of any major countries that have an actual free market. They all have laws limiting what companies are allowed to do.

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0 points0xpgm2y ago0 comments

The USSR collapsed because of imbalances caused by decades of centralized planning and control.

China survived communism because it implemented free-market reforms (while retaining centralized control in the political structure).

I'd say generally, the free market is what makes economies work.

Edit: minor rewording

0 comments

RHSeeger2y ago

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