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<p>[QUOTE="John Anthony, post: 1866336, member: 42773"]You're the expert on matters South Korean, so correct me if I'm wrong. But what I've read of the plethora of Korean five year plans (they seem to love them) is that by and large they've encouraged free markets, hence their prosperity. There's a qualitative difference between the economic plans of South Korea, which have encouraged enterprise and diversified export, and the totalitarian plans of North Korea, for instance, and many other nations professing a self-sufficient Socialism.</p><p><br /></p><p>I would take issue with you concerning the idea that free markets have no brain. In fact, free markets are the necessary mechanisms for supplying the incredibly complicated and sophisticated inputs required in the supply-demand chain in a healthy economy. If central planners are actually smart enough to create infrastructure, support diverse industries and exports, then LEAVE THEM ALONE, the results can be dramatically prosperous.</p><p><br /></p><p>Start fixing prices and redistributing wealth and the end result is almost always disaster. Take Venezuela, India, any number of African Nations, the Soviet Union, the Roman Empire under Diocletian's "reforms" - etc.[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 1866336, member: 42773"]You're the expert on matters South Korean, so correct me if I'm wrong. But what I've read of the plethora of Korean five year plans (they seem to love them) is that by and large they've encouraged free markets, hence their prosperity. There's a qualitative difference between the economic plans of South Korea, which have encouraged enterprise and diversified export, and the totalitarian plans of North Korea, for instance, and many other nations professing a self-sufficient Socialism. I would take issue with you concerning the idea that free markets have no brain. In fact, free markets are the necessary mechanisms for supplying the incredibly complicated and sophisticated inputs required in the supply-demand chain in a healthy economy. If central planners are actually smart enough to create infrastructure, support diverse industries and exports, then LEAVE THEM ALONE, the results can be dramatically prosperous. Start fixing prices and redistributing wealth and the end result is almost always disaster. Take Venezuela, India, any number of African Nations, the Soviet Union, the Roman Empire under Diocletian's "reforms" - etc.[/QUOTE]
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