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Let's just give the process a new name. It is no longer "Central Planning". It is hereforth named "Intelligent Economic Design". --the label is the logic
Central planning has given us, the Five Year Plans of Mao and Stalin, as well as the continuing shining examples of North Korea and Cuba. As I have noted elsewhere in this thread, there may be a place for central planning in the really big areas where an ad hoc effort may alleviate the purely reactive aspects of a pure market based solution by implementing the appropriate approach in advance of the immentent, but belated price signals. I have labelled myself a reactionary, but I believe that I am in reality someone who believes that failed experiments should be considered failed experiments not as something that merely needed more time, more money, more civic spirit, more ____ ???? [fill in the blank.]
Intelligent design? The concept of irreducible complexity has some apparent merit, but the number or opportunities for the monkeys with keyboards to produce the biological equivalent of Hamlet by random chance is indeed beyond comprehension. The jury is out, but if a believer needs a scientific basis to believe, this is as good a basis as I can see. [My personal opinion is that matters of faith are inherently matters of faith.]