[bencelaszlo]

> And these companies, they use the same kind of central planning that we so despise in communist systems. I know. I’ve done it.

The work of János Kornai made us realize that it is impossible to find an exact solution for economic planning, so a completely centrally planned economy is destined to have major inefficiencies (he was also a notable inspiration for the Chinese reformers). It also seems like some kind of planning is inevitable in market economies to achieve long term goals as market prioritizes short term gains.