Then along came China

In 1944, Friedrich A. Hayek suggested that the spontaneous order of markets was inherently superior to the supposedly dynamism-draining totalitarian order of communist or fascist regimes. The ensuing decades – when free-market economies thrived, and the Soviet Union’s centrally planned economy imploded – seemed to vindicate him. Then along came China.

President Dwight Eisenhower warned against in his farewell address – the “acquisition of unwarranted influence” by the “military-industrial complex” – could continue unabated (though today it might be renamed the “military-industrial-tech-financial-media complex”).

Project Syndicate 25 May 2021

https://www.project-syndicate.org/commentary/free-markets-central-planning-chinese-governance-by-andrew-sheng-and-xiao-geng-2021-05


Det LitterärIndustriella komplexet med länk till Det Militärindustriella komplexet


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