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The Impossibility of Rank Ordering in Central Planning
I've toyed with those ideas worked on UN committees that are devoted to what are the UN millennium goals and I looked at how that central planning was done. The decision-making power falls down the bureaucracy until it lands on the shoulders of someone who has spare time for one reason or another so then all those decisions are aggregated but there isn't anybody who's in some sense taking central responsibility for that. There were no rank ordering because you don't have a priority like what's the most important and how do you decide that well that problem just wasn't addressed at all, he says.