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Do you guys support Centrally Planned Economies? Why?
(midwest.social)
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this post was submitted on 20 Aug 2023
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askchapo
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What about the worry of corruption with the central authority?
Corruption is a real concern. No country in the world is free of corruption. Reducing it to the most minimal level requires a multi-pronged approach, including paying civil servants decently, setting a good culture, having oversight where people check other people's work (anonymously to avoid intimidation or collusion) and lots of other things. It's not a simple fix.
Corruption is not a curse that is particular to the public-sector. Economies with private ownership are also prone to corruption: Lehman Brothers, Enron, etc.
Nobody ever talks about corruption in the private sector, and I'm glad you did.
2008 financial crash was a crime committed by a small group of people
You don't need a central authority to do centralized planning. Nor do all plans need to involve coordinating everyone.
You purge the corrupted officials and revisionists from the government