100 years ago, Germany was defeated with inept policy makers. They could of had it all. With America paying for their military, their foreign policy became lazy and stupid. Leaning on Russia was idiotic. Nothing wrong with buying energy from Russia, but for God sakes, diversify.
Unfortunately, there is too much ideology and too little competence on part of our “beloved (sarc)” power elite.
I wouldn’t mind all of them going back to grade school or, even better, to Jericho.
Sorry about my harsh words, but it really makes me livid, this truckload of pigheaded ideology and sheer technical incompetence!
Policy makers are always inept. Countries are much too complicated to manage in a top-down or central planning manner.
We see how central planning always fails in communist countries, but we don't make the connection to government management of economies in otherwise "free countries."
An economy cannot be "managed" at all. The only thing that can facilitate the smooth performance of an economy is a marketplace where individual customers are permitted to express their collective wisdom by buying and selling.
The same could be said for us and China.