A lively debate ignited whether central planning should also be used in peacetime. In the world's imagination, central planning cannot succeed because it does not give individuals the incentive to work. The motivator that keeps everyone up early is getting rich (or at least getting paid). In the Soviet Union, however, the incentives were quite strong, and in many ways better than in the capitalist countries.
While under communism the chances of getting rich are slim, any Gulag prisoner knows what happens to those who "fake sick". Another common argument against central planning is the one promoted by Nobel laureate economist Hayek in 1945. Hayek argues that no central planner has access to information about popular taste and productivity, which are necessary whatsapp list conditions for efficient resource allocation. The genius of the market is that the price system can collect this information from everyone in a decentralized manner and make it available to those who need to know, without the intervention of the Government Planning Commission.
A related version of this claim appeared decades ago, less well known than Hayek's, but more persuasive. The brilliant economist Mises believed that the fundamental problem facing socialism lies not in abstract incentives or knowledge, but in communication and computation. To understand what Mises means, we can think about Leonard. A vivid parable presented by Leonard Read in his 1958 essay "I, Pencil." Reed tells a pencil "the story of a lifetime". Something so simple, some people would think so at first. However, if you start to think deeply, you will find that making a pencil from scratch requires layers upon layers of extremely complicated thinking and planning. The wood is felled, cut, shaped, polished and ground.