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North Korean leader admits economic plan has failed

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North Korean leader Kim Jong-un has admitted the country's economic development plan has fallen short in "almost all areas" as he opened a rare congress of the ruling Workers' Party, state media reported.

The gathering is the first of its kind in five years, only the eighth in the country's history, and comes weeks before US President-elect Joe Biden takes office.

Relations with Washington have been deadlocked since talks between Mr Kim and President Donald Trump stalled over sanctions relief and what Pyongyang would be willing to give up in return.

At the same time the North is more isolated than ever after closing its borders last January to protect itself against the coronavirus that first emerged in China.

The congress opened yesterday in the capital, the official Korean Central News Agency (KCNA) reported.

Pictures in the Rodong Sinmum ruling party newspaper showed 7,000 delegates and attendees packed into the cavernous hall, none of them wearing masks.

 

Golah veNekhar

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North Korean leader Kim Jong-un has admitted the country's economic development plan has fallen short in "almost all areas" as he opened a rare congress of the ruling Workers' Party, state media reported.

The gathering is the first of its kind in five years, only the eighth in the country's history, and comes weeks before US President-elect Joe Biden takes office.

Relations with Washington have been deadlocked since talks between Mr Kim and President Donald Trump stalled over sanctions relief and what Pyongyang would be willing to give up in return.

At the same time the North is more isolated than ever after closing its borders last January to protect itself against the coronavirus that first emerged in China.

The congress opened yesterday in the capital, the official Korean Central News Agency (KCNA) reported.

Pictures in the Rodong Sinmum ruling party newspaper showed 7,000 delegates and attendees packed into the cavernous hall, none of them wearing masks.


Until the 1990s the Socialist Zone was doing better economically by and large- certainly people in general had a higher standard of living, who of course the Elites in the South were doing better than those in the DPRK- and lets face it there is only so much that they can do, some people in the People's Republic of China love them and some people of in the People's Republic of China absolutely hate them. He was not admitting the failure of the planned economy as such it has to be said though.
 

Tadhg Gaelach

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Until the 1990s the Socialist Zone was doing better economically by and large- certainly people in general had a higher standard of living, who of course the Elites in the South were doing better than those in the DPRK- and lets face it there is only so much that they can do, some people in the People's Republic of China love them and some people of in the People's Republic of China absolutely hate them. He was not admitting the failure of the planned economy as such it has to be said though.


Of course not a chara. The Planned Economy is the only way forward. Even the most diehard Capitalist states, such as the USA, are now Planned Economies, with the Central Banks doing the planning.
 

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