1972 in Laos
The following lists events that happened during 1972 in Laos.
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| See also: | Other events of 1972 List of years in Laos | ||||
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Incumbents
- Monarch: Savang Vatthana
- Prime Minister: Souvanna Phouma
Events
January
- 2 January - 1972 Laotian parliamentary election
Deaths
gollark: Planned economies, or effectively-planned-by-lots-of-voting economies, will have to implement this themselves by having everyone somehow decide where all the hundred million things need to go - and that's not even factoring in the different ways to make each thing, or the issues of logistics.
gollark: Market systems can make this work pretty well - you can sell things and use them to buy other things, and ultimately it's driven by what consumers are interested in buying.
gollark: Consider: in our modern economy, there are probably around (order of magnitude) a hundred million different sorts of thing people or organizations might need.
gollark: So you have to *vote* on who gets everything?
gollark: If you have some random authority decide who needs them, then... well, that won't really work very well - it doesn't scale to more complex things than allocating one resource, and that is obviously uncool central power.
References
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