Comment by gchamonlive
11 hours ago
Its not a planned economy by the government, because the US is an oligarchy. The billionaires are deciding how the government should plan investments in infrastructure and social policies.
They have been able to lower the taxes that affect the richest (big beautiful bill) and cut spending on social programs (Medicaid).
So it surely looks to me like the US economy is following a plan, just not the one that's in the best interest of the population -- which is OP's original criticism.
>Its not a planned economy by the government
This just seems like a quibble over wording, given that "planned economy" is generally assumed to refer to economic planning by some governmental authority. Nobody thinks the opposite of a "planned economy" is everyone just going based off vibes, for instance.
The available selection of automobiles available for sale feels like a good example of huge distortion caused by regulatory capture and tariffs imposed for same industries.
Yup take the ford lightning f150. It out sold cybertruck but that wasn’t enough for ford to keep it around. Market makes decisions for you, not the other way around like free market theory posits.