Well if you like things that are state owned, the government system in America owns 45% of the entire US economy (roughly $7 trillion in spending between local + state + federal).
Surely that makes it possible for our economy to plan really far into the future.
The reality is, you can have two identical government or business systems, and one can be a complete failure and the other can be wildly successful. It comes down to culture. America's culture is rotting and has been for decades. Sloth and greed dominate, and that's a bad combination (people do less and expect more).
My post talks about family owned businesses, which is pretty much as far away from state owned as possible. I gave Volkswagen as an additional example where there's limits on the voting rights of public stock.
the government system in America owns 45% of the entire US economy
I'm talking about real corporations, that in some circumstances are running circles around their American counterparts. This 45% of the economy you talk about is almost entirely pure "losses" that are almost-but-not-entirely compensated by taxes right? The comparison is silly.
I don't think its "the culture" that is "rotting", but rather the social capital, the social ties between individuals and entire sectors of the society, is declining since the mid-1960s (Book: R. Puttnam, "Bowling Alone").
You just said that the culture is rotting. The relations between the people of a nation is a massive part of the culture of a nation.
What people place value on, and consequentially how people relate to eachother, how they value eachother, whether they respect the rights of their fellow citizens, and on and on. All critical aspects of a culture.
A nation's culture is made up of the individual beliefs & values of each person. And all of those things determine the social and economic fabric / makeup of said nation.
Surely that makes it possible for our economy to plan really far into the future.
The reality is, you can have two identical government or business systems, and one can be a complete failure and the other can be wildly successful. It comes down to culture. America's culture is rotting and has been for decades. Sloth and greed dominate, and that's a bad combination (people do less and expect more).