Chinese sailors stand at attention on board a Chinese naval ship during a visit to Davao city, southern Philippines. Photo: Reuters
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Boast of rail gun tech shows the risks of a command economy

A command economy is much better than a market economy at moving special projects rapidly to completion. There are no budget debates, no public consultations and no required licences or permits. But whether they end with a bang or with a whimper, command economies carry their doom with them

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Chinese sailors stand at attention on board a Chinese naval ship during a visit to Davao city, southern Philippines. Photo: Reuters
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