Tuesday, January 25, 2011

Central Planning

Back in the U.S.S.R. their central committee would develop 'five year plans' wherein the bureaucrats would come up with all the magical production numbers for their economy; a bunch of idiots in a room being much wiser than the people actually, you know, doing the 'producing'. The results, as you may recall, were less than spectacular to say the least.

Not to be outdone in the idiocy department, Cuyahoga county is experimenting with central planning as well:
Cuyahoga County's economic development commission meets for the first time today and will focus on creating a five-year plan to lure jobs and boost prosperity.
And obviously they're turning their commission over to a panel of Austrian minded economists, right? Ha!
A collaboration of county government, municipal mayors, business, labor and non-profit organizations
Oh yeah, that'll work.

Look, it's not all that difficult: make labor cheaper, get government off the back of businesses instead of bribing a handful of them to tolerate it, and then get the basic government services right. These 'commissions' are simply an attempt to find an excuse to do none of the above.

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