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Of course, you can find millions of reasons in the Internet, it's not difficult.
I like the explanation of Anatoly Wasserman - the great Jewish wiseman from Odessa. Among other things, he is engaged in mathematics, cybernetics and economics. He said that by the 1960s the number of units of manufactured goods had grown by several dozens times in comparison with the 1930s. In the 1930s, the planned socialist economy was more effective than the capitalist one. However, by the 1960s, state planning had become inefficient, since the state ministries simply did not have time to change plans because of accelerated progress. The USSR lost its leadership in economic development (in 30's it grew up to 30% per year and became second world economy in pre-WW2 years), and then in science and technology.
However, thanks to the development of information technology, by about 2025, it will be possible to return to state planning, since it will be possible to update the state plan approximately once a day. This will make the planned economy by different estimates 3-10 times more efficient than the capitalist economy. The country that will first create a comprehensive state economic plan with the use of new information technologies will become the leader of the 21st century.
I like the explanation of Anatoly Wasserman - the great Jewish wiseman from Odessa. Among other things, he is engaged in mathematics, cybernetics and economics. He said that by the 1960s the number of units of manufactured goods had grown by several dozens times in comparison with the 1930s. In the 1930s, the planned socialist economy was more effective than the capitalist one. However, by the 1960s, state planning had become inefficient, since the state ministries simply did not have time to change plans because of accelerated progress. The USSR lost its leadership in economic development (in 30's it grew up to 30% per year and became second world economy in pre-WW2 years), and then in science and technology.
However, thanks to the development of information technology, by about 2025, it will be possible to return to state planning, since it will be possible to update the state plan approximately once a day. This will make the planned economy by different estimates 3-10 times more efficient than the capitalist economy. The country that will first create a comprehensive state economic plan with the use of new information technologies will become the leader of the 21st century.