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1. aminok+(OP)[view] [source] 2016-05-04 05:47:42
It's disastrous due to game theory dynamics that apply to all large societies. It will always be disastrous.

The spontaneous order of an unregulated, freely configured economy, is the only way to utilize the vast volume of knowledge that is diffused throughout the population. Protection of private property and market rights is the absolute best way to both allocate capital for maximum economic returns, and maximize incentives for productive activity.

> Why? Because at some point it was realized complete lack of central economic planning is disastrous.

There is absolutely no evidence to suggest that was the reason. You're making a reckless leap of logic to rationalize and justify authoritarianism (central economic planning).

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