I have a hard time believing that.
There's tons of examples of the failure of overly centralized, planned economies: USSR, N. Korea, China, Venezuela, Greece. I don't need to test a science report. I just need to have lived for the last 40 years.
There's tons of examples of the failure of overly centralized, planned economies: USSR, N. Korea, China, Venezuela, Greece. I don't need to test a science report. I just need to have lived for the last 40 years.
Conflating economic with government / ideological constructs is a common trap. Centralised & planned economies are common everywhere, I think, but in 'the west' they're just masked a bit more creatively -- and, of course, they're not planned by the state.
Now imagine state monopoly on everything, and you're close to understanding what a Soviet-style centralized planning looked like.
That, in spite of the repeated spectacular failures that were caused by communism.