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Originally Posted by Morgan1878  I associate centralized planning in the 20th century with the Soviet Union and other communist countries. It is true in these cases that centralized planning failures was the major reason the regimes in the Soviet Union and the East-bloc fell.
I do not view the G20 as a group that embraces centralized planning. I see it more as a confederation that finds it useful to convene, discuss and just possibly address any excesses that are imperiling the global economy.
While each country has its own self-interests at heart, I think that most leaders are pragmatic enough to realize that there are fires that need to be put out from time to time lest the whole forest burn down.
While there's no guarantee that keeping lines of communication open will yield positive results, I prefer this approach to doing nothing at all. |
I think the G20 is the poster child for 21st century central planning on a scale unimagined in the old USSR. They just haven't worked out all of the strategies yet. The "leaders" are the ones setting the forest fires, and they are going to Copenhagen with buckets of gasoline. I would prefer that they do nothing. That approach has worked best by test for hundreds of years.
But this really isn't an appropriate post for this forum, so I'll just leave it at that and move on.
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