LynAlden on Nostr: True, but this one is recent, specific, and not as extreme as communism. This is a ...
True, but this one is recent, specific, and not as extreme as communism. This is a mixed economy but with a very specific decade-long burst of central planning expansion on top of it.
It shows, yet again, how a bunch of reasonably intelligent people who want mostly rational things (better transportation infrastructure, well-designed cities to alleviate major Cairo congestion, new development on beautiful coasts for tourist inflows, more energy generation, etc) can still fuck things up pretty badly, because central planning inherently has so many massive shortcomings and inefficiencies compared to private alternatives.
It shows, yet again, how a bunch of reasonably intelligent people who want mostly rational things (better transportation infrastructure, well-designed cities to alleviate major Cairo congestion, new development on beautiful coasts for tourist inflows, more energy generation, etc) can still fuck things up pretty badly, because central planning inherently has so many massive shortcomings and inefficiencies compared to private alternatives.