Nemesis of a Commanded Market

Newspaper reports suggest that the Chinese economy is losing steam. It is a delayed predicament happening now. An authoritarian project of augmenting growth is done by administering steroids. Naturally, times come when the economy loses its organic strength, and organs become unresponsive and even dysfunctional.

The command system of the economy does not work for long even if it holds a market economy.

It is highly imperative that there is a wider understanding of the algorithm of a functional economy among the citizenry so that they are not taken for a ride.

Niraj Kumar Jha