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About this quote

What does it mean?
In a competitive society, no individual has as much power as a socialist planning board.
In plain terms
A planning board has more power than anyone in a competitive market.
What can you take from it?
Competition limits individual power compared to planning.

Where it applies

  • economic systems
  • political structure

Putting it to work

  • promoting markets
  • limiting boards

Questions to consider

  • Which system holds more power?
  • Is concentrated power always bad?

Another view

Planning can coordinate resources more efficiently.

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