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To: Paul Fiondella who wrote (78244)4/9/1999 2:00:00 PM
From: nihil  Read Replies (1) | Respond to of 186894
 
OTOT Don't you think we can move this to the central planning thread?
Never say never, never happens so seldom. The fact is Central Planning starting in 1929 pulled off a miracle in the Soviet economy. Most of the weapons and equipment and planes and tanks that crushed Hitler's armies came from industrial facilities that built in the 1930's. In the U.S., of course, the centrally planned war economy produced enormous amounts of non-market output, and the economy grew so fast during the war that even civilian per capita consumption increased. An efficient centrally planned economy, with attention to incentives and worker participation can be quite efficient. In fact, if you will look around you, you will see that the economics of industry are driving many industries into monopolies -- and that regulation of these monopolies in a way that maximizes output can be called "central planning" if you wish. I'll be glad to discuss Soviet Central planning with you, although it is passe'. But please study some of the sacred texts first. I suspect if Michael Dell's industrial ideas had been adopted any planned economy could work.