Why did socialist companies failed?

Why did socialist factories fail? The failure of socialist factories in the early 1990s is generally blamed on the corruption and incompetence of the political class. It is one of the factors, but I dare say there was a more serious cause: the people who ran the socialist enterprises transformed into capitalist trading companies. In this film I explain why socialist enterprises fail based on my experience at the Reform Council.
00:00 Intro
00:50 The beginnings
01:15 The planned economy
02:55 A new world
03:41 Investments
04:55 Conclusion

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