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to people who read Hayek's great book the Road to Serfdom since the
mid 20th century classical liberal scholars have said that the planned economy is bound to be inefficient and it's bound to lead to corruption and
other abuses of power I think most people who think that way and I include myself in that group were taken by surprise by the success of China's
Listen to native speakers pronounce “mid 20th” in real conversational contexts with synchronized timestamps and subtitles.