dcharles
Banned
The fact that there isn't competition is the problem. Without competition there is no way to know if what you making is worthwhile or not., in an economic sense. If the only pie making factories are owned by the government and don't compete against each other they can survive even when making very crappy pies. THAT is the problem.
Like it or not the world does not have infinite resources, so you have to determine how to allocate them one way or another. The problem with centralized planning is that it takes way too many calculations to do efficiently. You are talking about millions of products which all need to be planned with highly recursive calculations. The number is far too large even for the fastest theoretical computer , IIRC the number of calculations needed are numbered in hundreds of orders of magnitude.
This has exactly nothing to do with why the Confederate Constitution allowed a single presidential term of six years.