Quotes About Central planning

If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.

With its fluctuating forms and needless decoration, fashion epitomizes the supposedly unproductive waste that inspired 20th-century technocrats to dream of central planning. It exists for no good reason. But that's practically a definition of art.

have so much computing power that central planning could work better than the market. High-frequency trading has been put forth as an example of computers out-achieving the market proper, but instead of improving the system it's just been used to take rents on every exchange. This

Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.

This compound should be available from most good drugstores." I got increasingly annoyed with this phrase because in the world I lived in, even ordinary soap was available only intermittently............In an economy that operated by central planning, shortages of just about everything were commonplace." the author dexcribing life in Hungary in the 1950s under Communist Russian rule.

I've read quite a few readers' reviews of my book on Amazon, saying, 'Ah, he criticises the free market, he advocates central planning.' I don't do that for a minute! But this is our black and white, dichotomous way of thinking - which has really been harmful.

Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important.

No central planning, no autocratic rule and no military regime can produce what free man can do.

The more a country adopted central planning, the better its education system did, but the worse its economic performance – not least because, like Egypt, it churned out many would-be bureaucrats trained to do the central planning.

We should therefore reject the entire dichotomy between central planning, on the one hand, and market "rationality" on the other.

My view... would be that we are entering upon a new and interim society which is neither capitalist nor socialist, but in which we can achieve central planning without loss of individual initiative, by the mere process of absorbing initiative in the function of planning.

It is one of the curiosities of Communist reformers that they always set out with the quixotic goal of reforming some aspects of their system while keeping others unaffected—introducing market-oriented incentives while maintaining central planning controls, or allowing greater freedom of expression while retaining the Party's monopoly of truth.

Are you really questioning the wisdom of central planning? Because the happy citizens of Cuba and North Korea beg to differ.

Typically, when there are corporate habits that undermine individuals, it has emerged without any sort of central planning. Nobody sits down and says, 'I'm going to create an evil habit for this corporation.'

Central planning was just not good at replacing what the great eighteenth-century economist Adam Smith called the "invisible hand" of the market. When the plan was formulated in tons of steel sheet, the sheet was made too heavy. When it was formulated in terms of area of steel sheet, the sheet was made too thin. When the plan for chandeliers was made in tons, they were so heavy, they could hardly hang from ceilings.

On the other hand, there is so much hypocrisy among supposed free market champions! The 5,000 golf buddies in America's smug CEO caste – plus their New Lord backers and Wall Street pals – claim to oppose central planning. But their circle-jerk connivings only shift it away from openly accountable civil servants into dark crypts that are secret, self-flattering and inherently stupid.

If human beings had the wisdom and knowledge-generating capacity to be able to describe how a free market would work, that would be the strongest possible argument for central planning. One advocates a free market not because of some moral imprimatur written across the heavens, but because it is impossible for human beings to amass the knowledge of local conditions and the predictive capacity necessary to effectively organize economic relationships among millions of individuals.