As a wise guest on CNBC once said...
China has central planning by scientists, engineers, and mathematicians, and the US has central planning by lawyers.
Neither one is good, but by definition they win.
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China has central planning by scientists, engineers, and mathematicians, and the US has central planning by lawyers.”
The US believes lawyers are the cure-all, know-all to everything.
Years ago when fax machines got started there was a world-wide meeting in Europe to determine a universal standard for fax so that everyone could communicate across countries.
Every other country sent and engineer to the meeting. The US sent a lawyer.