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venezuela is under economic attack, see http://www.socialistviewpoint.org/marapr_19/marapr_19_05.html http://www.socialistviewpoint.org/marapr_19/marapr_19_05.h

• caspper69 7y ago
  You cannot possibly compare central planning as a reaction to the free-market (walmart and amazon) to the central planning of an entire nation's economic output / consumption. That is so intellectually dishonest, I'm actually speechless.
• chii 7y ago
  how are those corporations the result of centralized planning? Every instance of centralized planning by an authoritarian gov't has ended in disaster. And yet, every time, different excuses have been brought up about why it failed. > The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - https://en.wikiquote.org/wiki/Talk:Friedrich_Hayek#The_curious_task https://en.wikiquote.org/wiki/Talk:Friedrich_Hayek#The_curio...
• twblalock 7y ago
  > that centralized planning doesnt work is just wrong :) look to walmart and amazon as examples of efficient central planning. Walmart is one of many players in the economy and it reacts to consumer demand when it decides what to produce and sell. That is not a form of central planning. An example of central planning would be the government ordering Walmart to produce ten million bicycles per year and to sell them for $80 each -- regardless of how many people actually want to buy bicycles and how much they are willing to pay.