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Re:Is growth in the financial sector good for the economy? by rwmj on Monday July 20, 2015 @08:51AM (#9915616)
The reason central planning fails (in societies or in companies) is because the people doing the work at the "bottom" have a lot more knowledge about how things really work than the people making the decisions at the top. A lot of that knowledge isn't even easy to capture - it's tied up in skills, techniques, oral history and obscure trade secrets.

In other words: the problem isn't likely to be speed/power of the planning computers, but how you get the information that needs to be fed into them.

I think this could also explain why managers who worked their way up from the bottom tend to do well, whereas professional executives who are helicoptered in to companies fail.

Re:Is growth in the financial sector good for the economy? by navait on Monday July 20, 2015 @09:56AM (#9916009)
> I think this could also explain why managers who worked their way up from the bottom tend to do well, whereas professional executives who are helicoptered in to companies fail.

While intuitive, I have doubts about the truth of this statement. Citation needed.