The dilemma of a socialized system is that the information flow overwhelms a centralized system if it is open to new ideas and data, that closing the system and forcing the plan to work forecloses alternatives and risks unhedged mistakes, and that decentralizing without real markets poses the problems discussed by Hayek. These information problems permeate virtually all economic processes.
Sidney G. WinterRelated topics
closing datum dilemma flow forcing information open permeate plan real system work hayekRelated quotes
Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior...
Peter Drucker
According to the science of cybernetics, which deals with the topic of control in every kind of system (mechanical, electronic, biological, human, economic, and so on), there is a natural law that governs the capacity of a control system to work. It says that the control must be capable of generating as much "variety" as the situation to be controlled.
Anthony Stafford Beer
There is hardly any other sphere in which prejudice and superstition of the most horrific kind have been retained so long as in that of women, and just as it must have been an inexpressable relief for humanity when it shook off the burden of religious prejudice and superstition, I think it will be truly glorious when women become real people and have the whole world open before them.
Karen Blixen
The real question is, Did God use evolution as His plan? If it could be shown that man, instead of being made in the image of God, is a development of beasts we would have to accept it, regardless of its effort, for truth is truth and must prevail. But when there is no proof we have a right to consider the effect of the acceptance of an unsupported hypothesis.
William Jennings Bryan
There is no such thing as a secret among our leaders; communication is very open and honest, and if it's not, then it can become seemingly brutal. You've heard my arguments for love, friends, and authenticity, but there are the deceivers, the manipulators, the control freaks, and the self-appointed teachers in the Body who would love to use our system for their own selfish purposes. We all know the realities of the old sin nature.
Ted Haggard
