There is actually an interesting parallel between the idea of prices in a free market as information (distributed knowledge as you put it) and the conservative

There is actually an interesting parallel between the idea of prices in a free market as information (distributed knowledge as you put it) and the conservative notion (originally from Burke I believe) of traditions as information (from one generation to the next). I don’t see conservatism as inherently advocating centralization in the matters you mentioned, just a desire of not throwing away hard-earned good things, due to the realization that they’re much harder to build than to destroy.