"Despite the utopian claims of bureaucrats a planned economy has a chaotic property. This is the difficulty in being efficient. Capitalism uses prices (via price discovery) to determine planning. When a government has no idea what an efficient price is they will mis-allocate scarce resources thereby wasting those resources."
The efficient capitalism that created the great depression and more recently the great recession and between the two multiple market failures
"Dirigisme or dirigism (from French diriger 'to direct') is an economic doctrine in which the state plays a strong directive (policies) role, contrary to a merely regulatory or non-interventionist role, over a market economy.[1] As an economic doctrine, dirigisme is the opposite of laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies..."
"Les Trente Glorieuses (French pronunciation: [le tʁɑ̃t ɡlɔʁjøz]; 'The Glorious Thirty') was a thirty-year period of economic growth in France between 1945 and 1975, following the end of the Second World War. The name was first used by the French demographer Jean Fourastié, who coined the term in 1979 with the publication of his book Les Trente Glorieuses, ou la révolution invisible de 1946 à 1975 ('The Glorious Thirty, or the Invisible Revolution from 1946 to 1975'). The term is derived from Les Trois Glorieuses ('The Glorious Three'), the three days of revolution on 27–29 July 1830 in France.[1]As early as 1944, Charles de Gaulle introduced a dirigiste economic policy, which included substantial state-directed control over a capitalist economy...."
