I don't think that's a fair characterization at all. To use a network analogy...
Central Planning: [1 Figure 1a]
Functioning Capitalism: [1 Figure 1b]
Anarchy: [1 Figure 1c]
The optimal design lies somewhere between the extremes. 1a seems to be an absorbing boundary condition, so we need stabilization mechanisms to keep the system running near optimal dispersion.
In the past, we had stabilization mechanisms like antitrust law, public jury trials for torts (as opposed to closed-door arbitration), and the tax code. All of these stabilizers have been severely degraded in the neoliberal era.
Central Planning: [1 Figure 1a]
Functioning Capitalism: [1 Figure 1b]
Anarchy: [1 Figure 1c]
The optimal design lies somewhere between the extremes. 1a seems to be an absorbing boundary condition, so we need stabilization mechanisms to keep the system running near optimal dispersion.
In the past, we had stabilization mechanisms like antitrust law, public jury trials for torts (as opposed to closed-door arbitration), and the tax code. All of these stabilizers have been severely degraded in the neoliberal era.
[1] https://www.linuxjournal.com/files/linuxjournal.com/ufiles/i...
[2] https://www.linuxjournal.com/content/new-mental-model-comput...