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quotemstrtoday at 5:03 PM1 replyview on HN

And that's why command economies fail. They fail in the same way that firms do, except that because the whole economy is one giant firm, you can't get the you need to remove entrenched bureaucrats until the situation gets so bad that you have a revolution or lose a war.


Replies

TheOtherHobbestoday at 6:50 PM

The whole economy is always one giant firm.