Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.
More than sixty years ago, Mao launched the disastrous Great Leap Forward. Progressive elites today are trying to force GLF II in the form of the Great Reset. If implemented, it will be even more disastrous than Mao's original folly.