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Comment by ab5tract

There were so many contributing factors to those famines but my understanding is that it was far and away the broken incentives for reporting failures as successes to avoid immediate head chopping.

There has yet to be an attempt at a centrally planned economy that actually had accurate data to plan with.

Not advocating for central planning but the important point is that these failure modes are possible under any tyrannical regime. For an example of where capitalist competition fell down in a similar way, look no further than the Irish potato famines.

parent ab5tract 5 months ago

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