Why central planning fails – one size does not fit all. There is also the information problem. One person at the top has a hard time listening to millions on the bottom.
Hayek explained it in his Nobel Prize lecture “The Pretence of Knowledge”.
Big Scale Fail
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One response to “Big Scale Fail”
their are other choices besides socialism and so called free market capitalism. more of reagan’s welfare cadillac talk. regulated capitalism to control its excesses works here and when the regulations are removed bad things happen 1929 2008 just to name the two most obvious. right amazon is destroying the retail industry and all their jobs as it pays much lower taxes then the stores do.