Right, people promoting free markets never actually read Smith, and pretty sure they’d label him a communist if they did. And the issue isn’t even with markets themselves since they’re just an allocator. The problem is with letting the market decide where things should be allocated instead of doing that intentionally. This is precisely why markets produce useful results within Chinese system, they’re operating within the framework of central plans.
Right, people promoting free markets never actually read Smith, and pretty sure they’d label him a communist if they did. And the issue isn’t even with markets themselves since they’re just an allocator. The problem is with letting the market decide where things should be allocated instead of doing that intentionally. This is precisely why markets produce useful results within Chinese system, they’re operating within the framework of central plans.