According to Branko Horvat's historical analysis of the past 250 years, what has been the general outcome of market-based or decentralized socialism?

Choose the correct answer

Explanation

Branko Horvat's review shows that market or decentralized socialism has mostly failed to achieve its goals over the last two and a half centuries. While it may seem effective in theoretical or perfect conditions (option B), it has not been widely adopted in sub-Saharan Africa (option C), nor is it considered the only method to eradicate poverty (option D). Therefore, the correct conclusion is that it has largely failed.

According to Branko Horvat's historical analysis of … — Development Planning and Policy-making The State, And the Market | PakQuizHub