Richard Werner
speaker
4,694 appearances
9 recordings
3 series
first heard Jul 2025
last heard 22 May
Richard Werner’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Apr 2026 with 6.
Appearances
as a policy result.
So we have to realize that our leaders don't mind killing us.
In fact, they seem quite keen on killing ordinary people.
And perhaps one more link to China where we learn these things is, you know, Deng Xiaoping, and I spoke about him last time we had our discussion, how he introduced the high growth model.
Yes.
And Japan helped him.
As I said, and I think that was great.
And he realized, and the Japanese told him, you need many, many banks.
You need thousands of small local banks that lend to small firms.
It's decentralized decision-making.
Instead of the Soviet originally started with one bank, central bank only.
Central decision-making doesn't work well.
The Prussian principle of high growth, which all these East Asian high-growth economies adopted, is decentralization, the subsidiarity principle.
Decisions on the local level, there they can be made flexibly as the situation demands and appropriately.
Central planning...
is not informed enough can't react quickly enough and doesn't work and also the incentive structure is wrong because you know what's worse what's worse than being given an order that you know is is really counterproductive and useless and you still have to do it it's so frustrating and that's of course why the soviet system failed um and the prussian decentralization worked i mean there's studies comparing the the german army with the british army in the first world war
and the German army with the American army in the Second World War.
And they conclude that the German army was always far more efficient and effective with smaller numbers, better outcome.
And they found it's because decision-making was delegated to the lowest level.
The officer in the field had the decision-making power.
Showing 661–680 of 4,694 · page 34 of 235
← Previous
Next →