There is a pretty fundamental difference between manufacturing goods no one wants due to central planning and manufacturing goods in a free market that will be bought of customers’ free will, else ultimately the manufacturing firm will go out of business at some point. If you do not understand this, why are you on a conservative web site?
Interestingly there are signs GM has been channel stuffing to pump up their numbers, so we in the U.S. are edging towards the former situation in some areas.
Sorry, but while I recognize the free market is the only way a complex economy can run, I don’t fetishize it as being inherently and always productive in particular cases.
The free market is composed of people, and people make stupid and unproductive decisions all the time. A free market among a people who are culturally thrifty and hard-working will produce very different results and generate much more wealth in the long run than an equally free market among a people who are profligate and decadent.
Let us consider the case of crystal meth. It has come to prominence in a free market, albeit an underground and black one. The producers and consumers, who are often the same people, make voluntary decisions to engage in the market.
Yet few will disagree that this particular market destroys wealth, and people, for that matter. Were it made legal tomorrow, it would do the same.