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There is a boomerang effect and a situation it is not becomes better, and is worse.
CENTRALIZED PLANNING only substitution of the power of the market of the political
The power, the leader to empty waste of resources and economic decline
The person of system... It is inclined in the self-confidence to extol the
Wisdom... He, apparently, imagines that can supervise over members
Huge society with the same ease from what the hand moves figures on
To chessboard; he does not think thus that figures on a chessboard not
Have any other source of movement, except human hands, and in
That time as on a huge chessboard of a human society everyone
The figure has the own principle of movement often different from
Ordered to it under the law. When they coincide and operate in one
Direction game of a human society will pass easily and
Harmoniously, and it is rather probable that it will end with good luck. If these
Principles mutually exclude each other, game will proceed badly, and
The society for ever remains in a chaos status.
1966., Adam Smith
The Theory of Moral Sentiments, 1759;
New York: A. M. Kelley
As it was already told, it is considered that, the state in a status is better, than
The market to co-ordinate manufacture of the public blessings - a small class
The goods and the services which consumption it is difficult to limit only to those who for
However many also consider that, supporting separate branches,
Giving them grants and investments, the state thereby promotes
To acceleration of economic growth. State "planning
The industries "and" investments into the future economic development "ostensibly
Are capable to improve market results. It is easy to understand, why the such
The approach possesses certain appeal.
Planning seems quite reasonable. Unless the politicians selected the people and
The governmental experts it is not better, than the businessmen absorbed
The business, express interests of "general welfare"? Unless
Government officials not "are less greedy" in comparison with the private
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