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A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.

Drawn from what Benedict Evans said

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  1. Benedict Evans

    Technology analyst whose weekly email on tech reaches over 150,000 readers

    But once you actually have a sophisticated industrial economy, central planning can't handle the complexity. And so you try and create incentives and structures around that while not having pricing and that just doesn't work.

Added to korrents 2 Sept 2025 · How quotes work · Something wrong? Tell us

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