Wow, not collapsing is a reason for government central planning? Setting a low bar. We didn't collapse either, what do you credit that to?
Compare Russia of 1990's which following the advice of Chicago/Harvard boys transfered the national wealth into hands of mafia with China which used state planning in national interest.
The Chicago/Harvard boys advised Russia to transfer the national wealth into the hands of the mafia? I must have missed that white paper. You wouldn't have a link to it, would you?
You said that planning worked well. So, how much has the Japanese economy grown annually since 1989? They've been planning their economy since at least the end of WWII. They must be getting better at it, right? Practice makes perfect?
Compare Indonesia with Malaysia at the time of Asian crisis
Why not compare the US and Japan? Our growth since 1989 vs their growth. How about since 2000? Why not 1980? You seem to want more planning for the US, show me that planning worked better than not planning.
Agree. The 1980's are good times to remember. The US doom and gloomers were then prophesizing Japan's dominance and the US economic collapse. Hmm, what happened to that?
If you leave the market alone the US adapts. Adaptation not regulation has been the key to US sucess.