Why are some nations moving away from a command economy toward more of a market economy?
There’s a good documentary called Commanding Heights that illustrates the reasons for this transition. In a nutshell, the Cold War was not only about an arms race between the Soviet Union and the US, it was also a competition about economic models. The collapse of the Soviet Union, and the later mass starvation under the Mao communist regime in China provided sufficient evidence for free market supporters that communism (a command economy) isn’t the way to go because of the gross inefficiencies under such a regime.
