Proof that State planned economies do not work, the GDR had too much of what was not needed and simultaneously not enough of what was needed, lacking feedback mechanisms present in market forces of Western Germany’s export focused economy where many global brands such as VW, Audi, Porsche, Bosch, Mercedes Benz, after WWII the German Government supported heavy industries including BASF & Bayer making medications, and much more, where GDR did virtually nothing of noteworthy industrial output.
CCP was only able to rapidly industrialize after implementing FEZ or free economic zones focused on streamlining foreign investment, making China the world manufacturing hub. State planned economics within the CCP suffer from under & over production, reduced wages and in general China Observe shows on YouTube that the economy of China collapses as you are reading this. On a strong note the CCP was able to create the most rapid industrialization of any government in the history of the world.
America & the OECD or G20 try to keep the money in the wealthiest people, household names in America like Elon Musk or Mark Zuckerberg, while elite in other countries go to great lengths to avoid public scrutiny through fame of their incredible personal wealth while most of the citizens in the OECD struggle to pay for housing giving rise to a housing crisis in USA and phenomenon like the 2008 mortgage market failure that cost 30 million people their jobs. Which reminds me of Richard Fuld killing Lehman Brothers while executives of AIG got $20 million golden parachutes via US Federal bailouts that cost hundreds of billions in added national debt.
Covid19 developed at the Wuhan Institute of Virology as SARS-cov2 a bioengineering weaponized biotechnology weapon, possibly a preview of bioweapons the CCP plans to use in WW3. Anyone’s guess if or when that may or may not happen.
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