>Centralised planning fails utterly as the complexities of the supply systems are way beyond are current abilities to project. The price signal being the major

>Centralised planning fails utterly as the complexities of the supply systems are way beyond are current abilities to project. The price signal being the major data input that informs production plans. In centrally planned economies, they basically just guess. They'll lie to you and say it's possible to "predict" demand. And when supply constraints happen, well I'll be damned it's the friends of all the Party members that get their share first.