The Works in Progress Newsletter • 35 implied HN points • 03 Mar 26
- Keeping prices stable mattered more than reformers realized; reforms that raised prices or lengthened queues often triggered panic and protests, so changes had to deliver fast, tangible benefits to avoid backlash.
- The order of reforms and a broad coalition of winners were crucial; piecemeal moves (for example, enterprise reform without realistic prices) were either ineffective or destabilizing.
- Reformers frequently misunderstood the secretive, complex systems they were changing, and entrenched interests used that complexity to block change; reforms succeeded mainly where planning was weak and people stood to gain.