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The trouble with China’s new five-year plan is that it attempts to solve problems while leaving their underlying structural causes unaddressed. In this it is not unlike the final Soviet five-year plans of the 1980s.

Original Article: “China’s New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes”.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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China's New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes