>>2972822How do you determine which industry's needs are more important? How do you know the potential tradeoffs of investing in one or the other? In a market economy, prices instantly indicate which one is the most needed, but a planner can only take arbitrary decisions based on obvious shortages and such. When the potential benefit of investing in one or the other is not as obvious, the planner is just walking in the dark.
>Could have kept working if not for nationalist retardation.Yes, but Yugoslavia also had another issue which is that its market socialist model didn't have real competition in it as each time an enterprise failed the state would come in and save it from bankruptcy to keep up the idea of socialism and equality. By its end it had a massive debt with the IMF