What makes these plans go so successfully, when the soviets have historically not been able to make such plans successful (despite being richer and more powerful at the time)?
This video about Argentina's economic failures mentions why free market capitalism failed in argentina, and why a "similar" opening up in china didnt fail (but not so much detail that another country could follow it and replicate the success). https://www.youtube.com/watch?v=E7MzfNTSk4A
Basically, is such 5 year plans a recipe for success, or just a facade (aka, china would've had success regardless of what those 5 yr plans are)?
This video about Argentina's economic failures mentions why free market capitalism failed in argentina, and why a "similar" opening up in china didnt fail (but not so much detail that another country could follow it and replicate the success). https://www.youtube.com/watch?v=E7MzfNTSk4A
Basically, is such 5 year plans a recipe for success, or just a facade (aka, china would've had success regardless of what those 5 yr plans are)?