Friday, August 12, 2011
Losing Control
John Robb discusses central planning and the misallocation of resources that brought down the Soviet and American empires. As Robb argues, whether controlled by a small cadre of elites in state institutions or in global markets, the continued misappropriation of public wealth for inappropriate infrastructure and projects inevitably leads to social collapse.
Under those circumstances, Robb notes in an earlier article, the only ones likely to panic are those who are losing control; in such a chaotic situation, he asserts, the least responsible or reliable are those in authority.
Under those circumstances, Robb notes in an earlier article, the only ones likely to panic are those who are losing control; in such a chaotic situation, he asserts, the least responsible or reliable are those in authority.
