SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LLCF who wrote (67557)10/24/2013 8:42:17 PM
From: TimF  Read Replies (1) of 71588
 
differentiation and working together for the whole. </i

Neither differentiation, nor working together and benefiting the whole requires centralization.

One of the point Adam Smith raised was about the "invisible hand", were people worked, and benefited others, without any central control.

The factories mentioned in the quote your responded to have some centralized aspects, but the system they operate in isn't centralized.

FWIW, I think there ARE some industries that could use a little less centralization or 'reverse evolution".... like agriculture.

I agree that central command and control has been a disaster in agriculture (also in other areas) when its been tried, and that even the more limited centralization that's common today (mandatory government marketing schemes, price supports, price ceilings, subsidies for farms and/or for consumers of farm products, etc.) have been expensive and generally very negative.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News