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0 sats \ 5 replies \ @daolin 2h \ parent \ on: Who stands for FREEDOM? BooksAndArticles
I promise you central planning or a mix of central planning isn't what made the West rich. Whenever any state attempts to manage capital, it means someone is taking a cut of what someone else produced, or someone is dictating to someone else what to produce. The parts of the West in the worst states of decay are those that trusted their governments to manage the economy. The richest countries in 2100 will be whichever ones adopted Bitcoin first, because that alone is a dismantling of state influence.
Read some history and discover you are wrong.
The British Empire for example was built upon the strong state apparatus that built a strong navy and dominant military capacity which enabled Britain to rule the seas and seize whatever territory it wished to.
Without a strong state, well defined and coherent laws and law enforcement internally and the ability to project power externally free market cannot perform to their best potential.
The mixed economy of the state providing the ideal supportive environment for free enterprise is precisely what has built virtually all dominant empires throughout history.
Blind faith in 'the market' alone does not deliver a strong economy.