Comment by samdoesnothing

Central planning does work at small scales. Everyone "centrally plans" their own life. Can you imagine doing it any other way?

The issue is that as the context expands, we lose the ability to make accurate predictions. To some extent we can't even predict our own lives although we try our best. When you expand that to the size of a corporation it's mostly just guessing. Corporations fail all of the time. When we expand that to a society, we are just guessing for everything but the most simple of predictions.