> I think its more arrogant to suggest that some planning committee would be able to make better decisions for that individual. Objecting against the free mark

> I think its more arrogant to suggest that some planning committee would be able to make better decisions for that individual. Objecting against the free market illusion is not advocating for a planification entity. Free market is a fallacy because there is no such things in the real world. Studying economics with the perspective of free market is like studying mecanics assuming mass-less bodies. It might offer a nice framework (the math becomes really simple) in which most of the problem we face disapear (no inertia, flying cars \o/), but that gives you no help if you want to understand and fix the world we live in. In practice nobody is even really trying to make free market a thing, otherwise you would see politician advocating for bans on price discrimination and investor would stop asking founders what are the barrier that prevents their competitors to get in their market, because both price discrimination and barrier to entries are responsible for «market failures». Is communism/economic planning a good idea ? Of course not. Is free market salvation ? Nope. Hayek had a really good diagnostic of the drawbacks of communism, but he had a totally irrational faith in the free market and this vision is shared by too many people. Unfortunately irrational faith does more harm than good …