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Central planning is the antithesis of capitalism, nothing to do with competition.
by foobarqux 12y ago
Central planning is the antithesis of capitalism, nothing to do with competition.
- SirensOfTitan 12y agoAnd Thiel makes it abundantly clear that competition is not the end goal as most markets are not static. So essentially Thiel isn't advocating "pure" capitalism, because using any methodology as a catch-all is bad practice.
- maxxxxx 12y agoI think you are confusing capitalism with free and competitive markets. Capitalists probably prefer central planning and regulation as long as it benefits them.