The Laughing Man

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The Japanese miracle was a function of private corporations backed by a vast ecosystem of small enterprises. By contrast the Soviet Union was a very clear case of an entrepreneurial state, funding a great deal of research centrally, allowing virtually no private enterprise, and the result was a dismal lack of innovation in transport, food, health or any consumer sector, but lots of advances in military hardware.
How Innovation Works: And Why It Flourishes in Freedom
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