> Unless you believe operating like this what makes Russia or North Korea poorer than the USA, which I think is very dubious.
Rejecting people who look at reality with people who tell the leader what they want to hear is a big part of why Russia and North Korea are so less successful than the US, yeah. I don’t think that’s dubious, or even uncertain.
I think one of the reasons the USSR centrally planned economy failed was because they couldn’t get accurate data from satellite sources, meaning there was no chance to make good decisions.
It generally hasn't worked out great for anyone else, though. The obvious modern parallel is Turkey, where Erdogan, rather than dealing with bad numbers, just faked the numbers. And forced down interest rates. Today, Turkey's inflation rate is 35%, though in fairness that's a decent reduction from the nearly 100% it was seeing a couple years ago.
mcphage|7 months ago
Rejecting people who look at reality with people who tell the leader what they want to hear is a big part of why Russia and North Korea are so less successful than the US, yeah. I don’t think that’s dubious, or even uncertain.
edmundsauto|7 months ago
rsynnott|7 months ago