Dave Farber’s IP List has an interesting post on controlled economies:
Einar Stefferud writes:
“Reminds me of efforts to [support] Wisconsin.
I well remember how we had to buy margarine by mail order and hand mix
in the yellow coloring because it was against to law there to sell it
any other way.
And, the law required that all apple pie served in any state institution,
like the University of Wisconsin had to be served with a slice of Wisconsin
Cheese. Most of that cheese went into the garbage because most people did
not want cheese with their apple pie.
This kind of foolishness does not help an economy to grow jobs. It just
causes stagnation and waste and loss of incentives.
And higher taxes to pay for the waste.
Economies do not thrive under central control.
Economies and Internets do better without central control of details.
And, in the international situation, this is the beginning of a trade war,
ala the beginning to the 1930’s depression, which lasted for approximately
10 years until WW-II finally bailed us out.
BTW, the trade wars were a major aspect of the causes of WW-II.”