The invisible hand of the empire is very powerful, but the visible hand is obviously even more powerful. Macroeconomic control technology, which matches the speed of economic development and the speed of theoretical innovation, is one of the core businesses that the public pays the most attention to.

When Adam Smith wrote The Wealth of Nations, Britain was at an inflection point in the transition from mercantilism to free trade, and the emphasis on the invisible hand was a theoretical necessity that apparently did not exist in the economic history of the Empire. The small peasant economy of the Great Song Empire had reached its highest point, and the embryonic stage of capitalism was directly triggered by the masses to the industrialization period of the intermediate stage of capitalism, skipping the disorderly competition stage of accumulating primitive capital for industrialization in the free trade period, and the super colonial companies of large groups and national backgrounds soon became the giants of the trust stage. There are naturally pros and cons to this ripening. The disadvantage is that the invisible hand is the subjective initiative of the individual to pursue profits, which is suppressed, and it is easy to cause waste and grind foreign labor. The price mechanism that enables the rational allocation of social resources is easily distorted by visible hands.

But the high degree of foresight and rational guidance of the traversal eliminates this distortion, and if not so, it minimizes it.

In the view of the public, it does not matter how much or less macroeconomic regulation and control is used, and the key is to maximize the overall balanced development speed of the society. The development of all regions, all industries, and all strata must be in line with the best state of the future. Accustomed to talking about efficiency first, and then talking about perfection, of course, the crowd will not give up the basics. When the top priority was solved by the crosser, the speed of the black technology naturally slowed down. Like the highs and lows of the three industrial revolutions. These three explosions of black technology have also been called the golden finger triple hit by later experts who study the history of science and technology.

The first time was the establishment of Chenji Academy, after the training of many technical talents, the diffusion of money-saving technology of light industry, the Great Song Empire appeared many towns and towns throughout the country and urban-rural junction of the workshop and consumer goods production and marketing network. An unprecedented variety of agricultural products and cash crops have entered consumers' homes in large quantities. For the first time, the prices of consumer goods fell sharply, and the prices of essential goods such as oil, salt, sauce, vinegar, and tea fell by more than half. Machine-pressed oil, salt produced by the salt-drying method, tea leaves and tea bricks made by roasting tea and mechanical force are cheaper. The price of steel products has fallen to 30% of its original level. Gearboxes, water-powered circular saws, and a variety of machine tools and specialized machinery have caused the price of pots, pans, needles, threads, and brains to plummet.

The light industry with little capital, fast turnover, easy to return to capital, and high profits has accumulated the first pot of gold for the crossing.

The second time is before and after the founding of the People's Republic of China, with the purchase of the powerful and the advantages of institutional construction and the diffusion of systems and technologies in the service industry. Modern catering, gaming, spa, massage, humanized business, logistics, modern medical technology, luxury goods, art trends, fashion marketing, architectural style (glass in utensils, lighting fixtures and windows), daily chemical products, household utensils (Simmons and toilet paper, flush toilet are the most basic). To spread modern habits and living standards in East Asia and the world.

These allowed the influence of the Chenji Group to penetrate into the lives of all strata and completely control the lifeblood of this empire. Rural cooperatives and the joint-stock system have dramatically expanded the quantity and quality of partners, and the tentacles of the Chenji Group have rapidly penetrated into every corner and grassroots of the empire, and its influence has even surpassed that of the imperial court of the Great Song Dynasty.

The third is the construction and layout of the heavy chemical industry after the founding of the People's Republic of China. The social impact and changes brought about by big industry are most obvious and intuitive, with railway networks, bridges across rivers, steel bases, petrochemical industrial parks, mechanized docks and large ships, skyscrapers and mega-functional buildings (stadiums, broadcasting towers, etc.). The biggest effect of cement, steel, fossil energy, fertilizer, machinery and other industries is that the empire's industrialization speed is amazing, and the national strength is rapidly opening up the gap with other countries in the world. These monumental structures, which are on par with the wonders of the classical era, are at most one or two in various countries (the pyramids of Egypt are a special case). After all, these dozens of pyramids were built cumulatively over a period of 700 years) and in this new dynasty, hundreds of huge buildings of the level of wonders were built in a few decades, and this intuitive impact on national power made the monarchs of various countries submit.

This is all thanks to the meticulous planning and layout of the traversal. The executors and designers of these technology diffusion and infrastructure construction are all disciples of the people. Naturally, the visible hand power that has been piled up by countless successful cases has been worshipped. They are also the beneficiaries of macroeconomic regulation and control, and the people on the same chariot must be keen to maintain this system of traversal.

The invisible hand has been suppressed by the traversal for many years, and in the post-industrial era, the disadvantages of the planned economy will always be revealed. Chenji Group and Imperial Asset Management Company are two giants, one inside and one outside. In the economic sphere of the empire, they are two complexes that can influence the effect of macroeconomic control. In fact, the Imperial Asset Management Company is only part of the asset vest spun off by Chenji Group. Most of its original registered capital for the purchase of land properties was treasury bond funds borrowed by the imperial government (from the Chenji Group). Its shares have also been put into the financial market controlled by the traversal as collateral for treasury bonds, and can be pocketed as prey by the Chenji Group at any time.

The economic characteristics of the planned economy are a high degree of planning directive, and the quantity, variety, price, proportion of consumption and investment, investment direction, employment and wage levels, and economic growth rate of products are all determined by the directive plans of the central authorities, which is no different from the management of multinational corporations. It is to develop the economy in a planned and planned manner. In this way, the blindness and uncertainty of the development of the market economy and the harm caused to social and economic development are avoided. Such as: duplicate construction, vicious competition of enterprises, factory closure, unemployment of workers, unbalanced regional economic development, social and economic crises and other problems.

These benefits will soon disappear after industrialization, and the layout and structure of large industries will gradually stabilize. There will be saturation of infrastructure. Vicious competition will also become less and less due to the technological development of networks and information, and factories will be full of robots. The service industry will become the main industry of employment, and the regional economy will achieve a dynamic balance between resources and markets in the process of industrialization, and as long as the redistribution is properly resolved, there will be no economic crisis.

On the contrary, the drawbacks of the planned economy have been exposed after industrialization, and it is difficult to play an effective role in regulating the contradictions between microeconomic activities and increasingly complex and changeable social needs, and it is easy to produce a mutual disconnect between production and demand. (The imbalance in the proportion of agricultural and heavy industry inputs in the Soviet Union is typical)

Failure to rationally regulate the relationship of economic interests among economic entities can easily lead to phenomena such as insufficient motivation, low efficiency, and lack of vitality. (Internal resource allocation and prescriptive production do not generate cash, and there is no rational incentive system.) The phenomenon of piecework and time-based grinding of foreign workers exists in both the market economy and the planned economy)

Plans are easily detached from reality, resulting in unnecessarily huge waste and other defects. (Brezhnev, who patted his head, was guilty of his one-sided emphasis on the development of heavy industry and military industry.) The development ratio of various sectors of the national economy is out of balance. Since 1979, agricultural production has been declining year after year. The sluggish agriculture has seriously affected the development of the national economy, especially the light industry and the food industry, resulting in a tight supply in the market. chronic shortages of major consumer goods; The Soviet Union had the largest amount of arable land in the world at that time, but the grain harvest failed year after year, and it had to spend a lot of foreign exchange to import grain; Soviet spacecraft could reach the Moon and Mars. Cars break down frequently and consume staggering fuel; Many Soviet civilians had old household appliances in their homes. Television bombings were frequent, and many often joked that Soviet-made televisions should be given to the enemy. ）

The planned economic system conflicts with the real world of a state made up of many equal individuals. In a country, the macro level artificially creates the plan-makers, the plan executors, and the interests of the plan implementation are damaged, and the micro enterprise subjects are divided into enterprise managers and laborers, etc., and it is inevitable to form a privileged class and an enslaved class. Passive sabotage has become an inevitable choice for workers.

Although the Chenji Group is a private company. But after becoming a giant that occupies the lifeblood of the national economy, the internal directives are actually no different from the directives of the planned economy. The difference is that the management has equity incentives and shares, and there are very few errors and waste. But the corruption caused by arrogance and privilege is inevitable in every mega-level trust multinational. Anti-monopoly law is still needed in order to create internal competition and more effective external competition to reduce arrogance and increase the sense of crisis. This is also an opportunity for the invisible hand to intervene in various industries that are highly concentrated in the hands of Chenji Group and its partners, and become a new driving force.

According to the idea of crossing the public, the old model of participating in all businesses and grasping profits in their hands to expand reproduction is no longer sustainable. How can the snowball roll into a snowy mountain? In order to stimulate the economic vitality of private small and micro enterprises, it is time to engage in a market economy and an invisible hand to continue to promote social development and progress.

At this time, the traversal will be able to let go completely, and only check in the general direction. The functioning of society can no longer only be maintained by relying on and through the plans of the people who are ahead of the times and the allocation of resources within the Big Mac Group. In this era of 123 industrial revolutions, individuality and individual subjective initiative still need to be stimulated by equity incentives.

The invisible hand is the main driving force in the future, and the role of the visible hand will become smaller and smaller after the completion of industrialization, and even lose the roughness and power of the market before industrialization (because the economy is getting larger and larger, and the transmission and realization cycle of policies is getting longer and longer, so it can no longer be used often). Larger and larger ships naturally can't easily change course.

It has become increasingly difficult for the empire's economic policies to be executed and effective as they have been in the past. There are more and more complex and unpredictable areas of the economy, which has higher and higher requirements for the headquarters of Chenji Group, the brain of the planned economy, and there are more and more personnel in the relevant dispatching resource department, and serious waste and inefficiency have begun to appear.

According to the needs of the public, too many resources are concentrated in the production sector and upstream enterprises, and the insufficient resource investment in the consumer goods sector is becoming more and more obvious. Therefore, this aspect can only be slowly entrusted to other countries and private capital. (To be continued......)