“Central planning” for the USSR and China, etc meant government allocated resources without market prices or profit/loss signals.

Result? Shortages everywhere. People (and government officials) turned to black markets an personal connections. They lied about production numbers… pic.twitter.com/sBwVGaUKGq

— 🖤 Christine (@christinelu) 15 avril 2026

“Central planning” for the USSR and China, etc meant government allocated resources without market prices or profit/loss signals. Result? Shortages everywhere. People (and government officials) turned to black markets an personal connections. They lied about production numbers

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