The DPRK also has a thriving, unregulated black market to make up for the holes in the central planning system. Which is not necessarily a bad thing, nor indicative of a failure of planned systems, but I think is an acknowledgement that some level of a hybrid system is and always will be necessary to make up for people’s wants once their needs are met.
Hence the Chinese system - government ownership and central planning for industrial goods and commodities, private ownership and markets for tech and some specialty consumer goods.
The DPRK also has a thriving, unregulated black market to make up for the holes in the central planning system. Which is not necessarily a bad thing, nor indicative of a failure of planned systems, but I think is an acknowledgement that some level of a hybrid system is and always will be necessary to make up for people’s wants once their needs are met.
Hence the Chinese system - government ownership and central planning for industrial goods and commodities, private ownership and markets for tech and some specialty consumer goods.