He makes a few good points, but lots of massive oversimplifications and underrates good old fashioned incompetence. Because you often end up with dictators like Mugabe or Chavez who have no idea how market economies work, but think they can just legislate their way around it. That creates the negative feedback loop of worsening conditions cause unrest in the people which causes more crackdowns which cause even worsening conditions. All while ignoring the big problems at hand like out of control inflation, and shortages caused by the terrible policies.
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ObadiahtheSlim
Oct 25, 2016 at 12:32PM EDT
Shoop400
Oct 25, 2016 at 05:35PM EDT in reply to