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.
I appreciate your well insightful response. And I agree.
Very few leaders who are elected or appointed turn out to be the wise, honest people we look for. President Trump was the closest that I have seen in the past 35 years.
Agreed, the EU is nothing but centralized planning. The Nazi originators are finally winning. The biggest threat to the world are “world leaders”. Their arrogance and contempt for the average person has no bounds.