Re:How Vienna produced ideas that shaped the West
by hueving on Friday December 30, 2016 @09:33AM
(#13284513)
And centrally planned systems don't find a solution to many problems at all (e.g. new low cost innovations). Without competition, there is no incentive to improve the efficiency of anything that meets the bare minimum requirements.
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Re:How Vienna produced ideas that shaped the West
by sebastianconcpt on Friday December 30, 2016 @09:49AM
(#13284599)
Planned systems are doomed by design. They destroy the information that prices carry and end in self-destruction/collapse. Even communist China knows better than that.