Does it? There are plenty of disastrous decisions in the last 70 years at the level of major policies. There are plenty of failed projects.
The west in general used to be a lot more efficient. IMO the main cause is exactly the problem the Soviet Union used to have, and China still does: centralisation.
The west in general used to be a lot more efficient. IMO the main cause is exactly the problem the Soviet Union used to have, and China still does: centralisation.