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A Lego Model of Capitalist Central Planning

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Brett Scott analyzes capitalist central planning, drawing parallels between corporate internal control systems and command economies. The article reveals the complex web of centralized decision-making within corporations as large as Walmart, highlighting the intricate structure and legal engineering of transnational entities, and the managerial challenges within. The piece also critiques prevalent misconceptions about free markets.

  • Walmart employs over 2.1 million people.
  • BP had 1180 subsidiaries in 2014.
  • 30% of world trade occurs within firms.
  • BP annually raised $8-15 billion from bonds.
  • Central planning can incent short-termism.