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by sharts 205 days ago
how is this centralized planning? It’s a corporate decision making operating in a free market to optimize for what majority shareholders want (though the majority of shares are owned by few).
4 comments

Your parenthetical is how. It's not completely centralized, but it is being decided by a very small number of people.
A free market where the government participates with billions in investment and tax cuts, yes.
I think the implied thought (?) is there is a similarity between central planning and oligopoly bandwagoning. To my eye, the causes and dynamics are different enough to warrant bucketing them separately.
It's centralized vs. decentralized not public vs. private. A centralized private planning committee is still centralized.