I would wager that states such as Russia and others misallocate resources, which in turn reduces productivity. Worse yet, some of the policy prescriptions stated above would further misallocate scarce resources and reduce productivity. Scarcity doom becomes a self-fulfilling prophesy. This outcome is used to rationalize further economic intervention and the cycle compounds upon itself.

To be explicitly clear, the US granting largess to tech companies for datacenters also counts as a misallocation in my view.