Five-Year Plans vs Five-Minute Plans: How Different Kinds of “Planning” Can Shrink Freedom, Crowd Out the Private Sector, and Drag on Growth
There are two very different ways modern states try to “steer” an economy:
1. The long-horizon, centrally directed plan (the classic “Five-Year Plan” model).
2. The short-horizon, leader-driven improvisation (the “five-minute plan” vibe: announce, reverse, exempt, threaten, repeat).
They look like opposites. One is rigid and bureaucratic; the other is
