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inefficient resource allocation is an intrinsic property of central planning and is the main balancing force to economies of scale that drive organizations to b
by nazgulnarsil 17y ago
inefficient resource allocation is an intrinsic property of central planning and is the main balancing force to economies of scale that drive organizations to become larger. this eventually results in the "smaller companies eating their lunch" phenomenon that we love so much.
of course with government customers couldn't traditionally just "go elsewhere". this is showing signs of changing (lichtenstein, switzerland, hong kong, singapore, etc.).