> they are a reaction to a failure in distributed planners as recognised by the most firm believers in distributed planning. No, they are a reaction to the per

> they are a reaction to a failure in distributed planners as recognised by the most firm believers in distributed planning. No, they are a reaction to the perceived failures of “distributed planning” as perceived by advocates of central planning. Free marketers have always said that those banks need to be allowed to fail because they made bad decisions and bankruptcy sells their assets so the creditors can get paid and new management can operate them. With bailout you have this bizarre system where profits are privatized and losses are socialized, which is not a distributed system or a free market.