The Soviet planned economy had collapsed amid grotesque shortages of everything from food to matches.
Some argued that a planned economy and tight social control were essential to the regime's survival.
But then that just shows how incredibly inefficient an entirely State planned economy along Maoist lines is.
By shifting from a centrally planned economy to a market-based one, China has fostered growth through decentralization and experimentation.
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The road China has taken from a centrally planned economy has been brave.
But this is a farce and a parody of the Soviet Union, an imitation of its planned economy, fictitious-demonstrative activity.
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"The artificial setting of a numerical target cannot but remind us of the days of a planned economy, " Mr Cui said.
Economic opportunities were exceedingly limited in its regulated and centrally planned economy.
This not only regulated activity in a tightly planned economy, but was also a vital link in the chain of social control.
Once a center of heavy industry under China's planned economy, Shenyang decayed and formed part of the country's rust belt in the 1990s.
Fourteen private banks, all of which are subsidiaries of Arab banks, have opened since Syria's centrally planned economy started to creak open in 2000.
The rapidly expanding Soviet planned economy brought hundreds of thousands of Soviet immigrants to Estonia, causing widespread fear among Estonians that their national identity would eventually vanish.
But since 2005, when the government formally declared it was switching from a centrally planned economy to a market one, expatriates have been coming back seemingly in droves for good.
In addition to providing critical capital and helping underwrite both healthy and faltering SOEs, the listings provide legitimacy for China's centrally planned economy and create a global constituency with a vested interest in ensuring that these companies not only survive, but prosper.
An attritional stream of propaganda pours forth from his official media, and he is busily moving the country back to a centrally planned economy, depriving state agencies and companies of most of the autonomy they had gained in the market-oriented reforms of the 1990s.
And, if it is still a market (rather than a planned) economy, why would production continue if there were no viable consumers to purchase the output?
Back in the 1960s, Americans feared the "terrifying efficiency" of the centrally planned Soviet economy, to borrow a no-joke famous phrase from the British politician Richard Crossman.
It is a danger for the free market and becomes lethal when the economy is planned.
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Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-25 average.
Barclays Capital thinks the OBR overestimates spare capacity in the economy and that planned spending cuts will not be enough to eliminate the structural deficit.
Lee wants global investors to join Korean housewives in nurturing Korea's economy through the planned Buy Korea Fund International, which may soon list in New York.
The answer being a market economy, not a planned one.
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But divided Korea offers a stark contrast between the blessings of a market based economy relative to its centrally planned counterpart.
Furthermore, planned reforms and the opening up of the economy often get sidetracked by powerful political and business interests.
However, since you cannot always get tax rates high enough to meet your spending plans without also damaging the economy, you tax wealth through planned inflation.
In other words, this was public spending which was already planned, not an additional injection into the economy to replace the loss of demand from 2008 onwards.
The same is true for economies: the more complex the economy the more difficult it is to be centrally planned.
The German government approved a draft of financial plans that see Europe's largest economy achieving a balanced budget two years earlier than planned.
Responding to Mr Clegg's speech, Friends of the Earth's senior economy campaigner Simon Bullock welcomed the news that ministers planned to introduce legislation to protect the bank.
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