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America's Economy And Open Decision Making
Continue to the storyThe 20th Century's central struggle was between the ideological systems that advocated governmental control of the economy and those that relied on market control. The market-based systems won. Why? In short, market-based systems made better investments, over the long term, than government managed systems. The lesson: systems with large numbers of decision makers, each with capital to invest, make better decisions. As is often the case, the emerging victory of the market-based system created yet another problem/struggle.