Really dumb article. A planned business and an entirely
Posted on: August 4, 2021 at 07:04:45 CT
ummmm MU
Posts:
44902
Member For:
13.46 yrs
Level:
User
M.O.B. Votes:
0
planned economy are not comparable.
In fact, bad business decisions highlight the importance of free markets because the bad decisions can fail and make way for good decisions. In a planned economy, the inevitable hubris-driven failure of the planners cannot be escaped and the failures compound until there is desolation. There's no competitors to a planned economy.
Also, though unimportant, Sears was in decline well before this guy took over in 2005.
Very dumb article.