To the extent that central "planning" is imposed, private planning becomes impractical, if it is permitted at all. Even if the central "planning" is of a very general nature, the central "planners" must be accorded flexible power in order to cope with situations as they arise. But this very flexibility renders state policy unpredictable, making it impossible for private planners to formulate realistic plans of private action. Central "planning" essentially reduces all producers outside of the central "planning" staff to automatons. Such systems ultimately fail because people (the most important economic resource) no longer function in their fundamental capacity as thinking beings.  Next page
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