Thread by @SAH16928046

The economic Potential of a nation can only be realized once its #microenterprise and its management make the right decisions, take the right actions based on the right sets of information derived from observations.
This Planning mindset cripples the market's ability to tweak

Some countries still have Planning Commissions, Boards, and whatnot!
Fancy Soviet-style Archetypical Nomenclatures and institutions won't help in the digital age!
Macro-Resource Allocation should not be planned at all.
Price signals should direct the economic dialectic.

Hayek's criticism of economic planning still holds argumentative weight and political value
Thomas Sowell was right when he derided the role of bureaucracy in drafting policies on behalf of people, whose welfare does not affect the decision-makers themselves
State interference NO

Hong Kong was Milton Friedman's role model of economic development and capitalist style of growth during the 1980s.
No doubt it is SE-Asia that changed perceptions about capitalism and emancipation going hand in hand.
The trickle-down effect did work across Asian Tiger Economies

Kuznets's inverted U-Hypothesis was based on empirical research informed by econometric data sample observations and feedback loops drawn from the SE-Asian Economic Networks.

Social Scientists and Economic Philosophers with intellectual backgrounds blended in macroeconomic development history and growth modelling interfaces should drop this gunpoint diktat that unless wealth is not heavily redistributed by the rich, they risk inviting a revolution!

We have seen counter-revolutions stretching from Latin America, to the Caribbean Basin Nations to Former French Indo-China to where PRC stands today!
All have realized the fallacy of planning.
Glorifying incompetence, poverty, and fatalism are negative fallout of #Romanticism

Sociologists focus a lot on how the Ghost of Marxism had swept across the European Continent and beyond into Romanov Russia, etc
Very few contemplate how Romanticism affected Western Intellectual Traditions and Thought Processes, except for Isaiah Berlin.

Mobilized Unruly and Anarchistic Mobs with vested political interests and inward-looking theories based on narrow definitions of determinism and nationalism can never bring economic relief to either the Middle or Lower Income Strata anywhere.

The rich might have used capitalism to exploit the poor, but, the latter have used socialism and other forms of collectivism to harass the rich.
Give it or we shall take it away!
Nobody presents this side of history.
Highly unfair lopsided analysis.
Robs Pierre, replaced by LULA

Don't describe them as Socialist.
They are actually bandits dressed as intellectuals, scholars, progressives, revolutionaries, workers, unions, proletarian movements, and whatnot!
Mobs.

The irony of all this debate is that now they are trying to use free market economics expressions such as #MMT Modern Monetary Theory and other QE to foster collectivism.
Magic Money Tree has replaced Marxist Utopia.
Money for all as govts won't default on deficits!!
Cloud Cuckoo

Western Governments and other advanced capitalist economies such as Japan have adhered to Quantitative Easing Principles.
This has masked the real face of collectivism.
It has made the government more entrenched in the economy than never before.
Central banks taking hits on B/S

Once Governments begin to share risk with private enterprises and households, it likes giving freebies which add to addiction.
Remember, addiction is the disease of desire!
The more you get and give, the higher the required dose next time.