The Obama administration is in the ‘bidness’ of picking winners and losers. They tend to exempt businesses with union labor from increased costs. So larger corporations will not have to pass these costs on.
Recently, Goldman Sachs and Warren Buffet announced a plan to ‘loan’ $500M to small businesses. Since neither are set up as normal banking institutions, is this a loan, or is it a ‘buy-in’?
If I were paranoid, I would consider these actions equal to the Bolshevik Revolutions, where the merchant class was the target.
Central planning doesn’t work very well with millions of small businesses competing. You need Big Government, Big Business, and Big Labor.
Thanks for the points all, I was not thinking outside the box enough.. :)
Central planning hardly works at all if the goal is rising prosperity. That is all too obvious with small business out of the Central loop so those have to be eliminated or the inefficiency of CP is visible to all. If the goal is absolute power held by an oligarchy/aristocracy/nomenklatura over a declining economy then Central Planning is the only way to go.