Actually most large businesses are using someone else's money - the shareholders. The same sort of agency problems that exist in centrally planned economies also exist in large public companies.

You got the point though, so it's kind of pointless to keep arguing, right? Whatever money is lost is someone's own money.

I didn’t think we were even arguing, just discussing an interesting idea :)

Our current economic system is remarkably similar to the centrally planned economy the socialist dreamed of creating. Most productive enterprises have no controlling owners - the ownership of most public companies is highly dispersed and much of it in the hands of pension funds, etc. About the only difference between a socialist “paradise" and what we have now is that the indirect ownership of the means of production is not evenly distributed within society.