You can't have both. If you've got top down central planning, you've got a dead economy and zero innovation. Look at the former USSR, China, or North Korea today. Central planning is constant failure. An exception to the totalitarian=technologically backward is provided by National Socialist Germany ironically enough. China grew by leaps and bounds in recent years via an injection of capital and ideas from the free west.
Innovation stops in central planning scenarios because the government and other hierarchical systems prevent it from happening, because they are institutionalized crony control and nepotism. Also those central planning systems train citizens to disengage from helping the central authority in any way. People do the bare minimum to get by. Why would you do anything else? If you participate in the system, you're helping evil. Also, the government involvement in training citizens through education produces slave minded lackeys who are barely capable of innovation.
The converse is also true, a country like the USA enjoys innovation and creates technology, but also has a depraved, corrupt culture and disgusting political leadership. People waste their lives chasing money and dumb ideas to create things like smartphones, Netflix, battery powered tools and the like. If individuals were more disciplined and had a keener focus on the meaning of life and their own mortality, there would be fewer people in corporate America, and fewer giving away their energy and value to corporations.
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