The meme of fusion being "5 years from now ... for past 40 years" is so frustrating. This is because the investment into it went down to abysmal -- not even "maintenance" level of when it was just getting started.
If the government spent money on it, we would likely have more progress.
And today isn't like it was before -- we have ReBCO ;)
I sometimes wonder how much further along these initiatives might be if the economy was focused on them instead of My Pillow sales, cheap crap from Walmart, and simply handing personally wealthy elites stacks of cash to create pointless jobs and the money was put into net new technology, not Twitter 2.0 and VR 4.0
China is definitely not a “planned economy” in a sense that you meant it. Also, every economy is planned in some sense. Every government plans how much it’s going to make and spend.
So all these US businesses do zero planning? The Fed is raising rates for lulz? We’ve unintentionally allowed consolidation of ownership? No one has any clue? You’re nitpicking semantics.