The Bureaucracy Problem
For central planning to be viable it needs market data to guide its decisions. But the greater the role of the markets the less that of central planning. Conversely, the more extensive the area of central planning the more limited the market data, and hence the more inefficient must be the operation of the economy. FULL ARTICLE
Comments (1)
Barry Loberfeld
It is precisely this "new class" that reflects the defining contradiction of modern leftist reality: The goal of complete economic equality logically enjoins the means of complete state control, yet this means has never practically achieved that end. Yes, Smith and Jones, once "socialized," are equally poor and equally oppressed, but now above them looms an oligarchy of not-to-be-equalized equalizers. The inescapable rise of this "new class" -- privileged economically as well as politically, never quite ready to "wither away" -- forever destroys the possibility of a "classless" society. Here the lesson of socialism teaches what should have been learned from the lesson of pre-liberal despotism -- that state coercion is a means to no end but its own. Far from expanding equality from the political to the economic realm, the pursuit of "social justice" serves only to contract it within both. There will never be any kind of equality -- or real justice -- as long as a socialist elite stands behind the trigger while the rest of us kneel before the barrel.
FROM "An Inquiry Concerning 'Social Justice' and Its Influence."
Published: July 16, 2009 8:31 AM