Business Quote by Michael Bloomberg

“Why does socialist central planning not work? The means of production are not held privately, so there cannot be any exchange markets for them…

— Llewellyn H. Rockwell Jr

Central planning doesn't work. A little bit of it is a drag. A lot is fatal.

— Bill Bonner

You said, 'Planning is something for communist countries; democracy and planning don't go together!' But, with all the errors we committed, our plans succeeded.

— Indira Gandhi

Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.

— Peter Drucker

I don't think like a central planner. We think in terms of a regime of freedom.

— Javier Milei

Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism…

— Jim Stanford

It would have been difficult to design a path out of communism worse than the one that has been followed.

— Aleksandr Solzhenitsyn

Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come…

— Jeremy Grantham

“Central planning inevitably leads to economic chaos and failure. Friedrich Hayek called the delusion that a single person or a group of government planners…

— Ziad K. Abdelnour

What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning…

— Charles Taylor

No central planning, no autocratic rule and no military regime can produce what free man can do.

— Tsakhiagiin Elbegdorj

Communism didn't work because people weren't ready for it, it was corrupt, and because it squelched individualism.

— Tom Shadyac