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by js8
17 days ago
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> an advocacy for central planning for capital No, it isn't. You can have democratic control over capital, respecting subsidiarity principle. It's no more centralized or decentralized than under capitalism. > But to eliminate capital markets and push it all into a central planner is bad. If you have a high concentration of wealth you have the same centralized control, regardless whether the mechanism is capital markets or gosplan. |
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