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About 50% of market economies is centrally planned, via the existence of large companies that plan and organize production not through market signals but simply by issuing commands to their workers.


Let’s get out definitions straight - nomen est after all omen!

Central planning in this context means that the state by using its police and army will hinder free people from trying to satisfy market demand as expressed by price.

Instead a committee appointed by politicians would decide what should be produced and at what price it should be sold.

That a company plans the best they can to satisfy demand is not what we mean when we say _central_ planning




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