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And, heh, I've seen it argued persuasively that the U.S. now operates with the same degree of inefficiency (i.e. resources allocated less than optimally, not responsive to market conditions, etc.) of a centrally planned economy, just due to the concentration of money now. Sort of a de-facto central planning, even though it certainly isn't one in name.

I tried to find the links where I saw this, couldn't. I'll keep looking.




It stands to reason. Centralized bureaucracy is centralized bureaucracy.

What was it said about the Soviet Union? That they pretended to pay people and the people pretended to work? Well.....




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