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Think of it this way, large parts of our economy are under central planning because of the power of large corporations. For example Walmart, when they chose wh
by gerbilly 8y ago
Think of it this way, large parts of our economy are under central planning because of the power of large corporations.
For example Walmart, when they chose which company to buy lawnmowers from for example, they get to decide which lawnmower makers survive and which don't.
By picking one winner and putting in a huge order at a huge discount, they can undercut every other manufacturer, effectively putting them out of business.
I don't know about you, but I don't remember the election where I got to vote for who is in charge of Walmart, so it's very autocratic.
- AtlasBarfed 8y agoCartel or monopoly is the general trend of the day. I believe that laissez faire economics leads toward cartel/monopoly rather than persistent decentralization, it's kind of chaos theory in action with strange attractors or local minima/maxima. Unless the fundamentals of the system are decentralized: farming/farmland, fisheries, mining, and other commodities.