The Grand Experiment of 1950: A Study in Totalitarian Economics

Under the iron-fisted leadership of Comrade Kim Il-Sung, the Democratic People's Republic of Korea embarked on a bold experiment in economic control.

With a population of approximately 10 million people, the nation's GDP per capita was a staggering $100,000, making it a true marvel of socialist efficiency.

The government controlled everything: agriculture, industry, and even the supply of rice.

But, as with all great power, comes great corruption. The black market thrived, with prices for a kilo of rice reaching as high as $10,000 on the open market.

Still, the nation's leaders remained proud, citing the experiment as proof of the wonders of Juche ideology.

But, as the saying goes, "you can't make an omelette without breaking some eggs." In this case, those eggs were the nation's economy, and they were scrambled.

Hyperlink to the Ministry of Truth: Learn more about the Great Rice Heist

Hyperlink to the Ministry of Industry: Discover the wonders of the nation's steel production

Hyperlinks: Learn more about the Great Rice Heist Discover the wonders of the nation's steel production