“Every single time central planning has been tried… it has resulted in mass misery.”
This is according to Chloe Westley of the TaxPayers' Alliance. It is a familiar story: the collapse of the Soviet Union and other communist regimes provided incontrovertible proof that economic planning doesn’t work. Wherever governments have tried to plan the allocation of resources, the result has been disastrous. In contrast, wherever governments have got out of the way, stopped intervening everywhere and let markets run their natural course, people have flourished.
