Re: Re: summary of calculation debate

[JKSCHW@xxxxxxx]

In a message dated 7/22/00 4:55:52 PM Eastern Daylight Time, lnp3@xxxxxxxxx
writes:

<< Starting from scratch, the Chinese Communist Party created basic
 industry to supply capital equipment and consumer goods for a mostly
 peasant nation of nearly a billion in the late 1940s. If this is not a
 testament to the superiority of planned economies, then nothing is. >>

I would not deny the superiority of planning as a tool of development from a
predominantllya gricultural economy to a more industrialized one. Planning
worked well, though hardly less savagely, for that end in the USSR too. It
was when a moderate level of industrialization was attained that returns
started to fall off.

--jks