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There are hierarchical levels to the "economy" and central planning may work well at some levels. Companies at the lower levels of the hiearchy are centrally pl

There are hierarchical levels to the "economy" and central planning may work well at some levels. Companies at the lower levels of the hiearchy are centrally planned entities with managers assigning tasks to employees instead of using a free market to distribute them within the organization. At the middle layer, the free market links these centrally planned companies and force them to compete. It's an open question whether having a centrally planned top layer to handle national economic strategy and steer market forces is better than letting the free market handle that as well.

rualca 6y ago
> Companies at the lower levels of the hiearchy are centrally planned entities with managers assigning tasks to employees instead of using a free market to distribute them within the organization. Not really. I mean, there's a FAANG which is notorious for fostering a competitive environment between development teams even down to it's lower level employees, which includes flexible team configurations where individuals cooperate on separate projects.