> their failure was in not planning the economy as much as their critics want The argument for capitalism is that _no single entity can do this_ planning. It's

> their failure was in not planning the economy as much as their critics want The argument for capitalism is that _no single entity can do this_ planning. It's not as if capitalist economies have a 'capitalist planner' who's better at planning that the socialist planner. Capitalist economies don't have one person - or agency - in charge of planning or shaping the economy. Bottom up, not top down.