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Italy Joins China's New Silk Road Project

(www.bbc.com)
132 points pseudolus | 1 comments | 23 Mar 19 13:13 UTC | HN request time: 0.4s | source
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purple-again ◴[23 Mar 19 14:06 UTC] No.19470490[source]▶
The weakness of centralized planning is what allowed the western way of life to dominate in a world where technology hampered its effectiveness.

In this new world we may need to accept that our individualistic nature has become that very same weakness that dooms our way of life in the great game of life.

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1. Digory ◴[23 Mar 19 14:56 UTC] No.19470692[source]▶
Centralized planning has all the same weaknesses it always did. It's a problem of distributed analysis, not a lack of data points.

Italy was something of model for alleged central planning efficiency in the last century. Now it's broke, taking money from the next credit-binging central planning state. It's credit, not proof of either side having superior economic policy.