Austrian economist, Ludwig von Mises, in Planning for Freedom, understood planning as a synonym for socialism or other authoritarian schemes, and understand socialism or the other authoritarian schemes as an antithesis to capitalism. The relative share of centralized plans should remain small if prosperity is the goal.
When central planners conspire together to direct the allocation of the majority of the resources of society — i.e., when central planning is a big share of the economy — then poverty follows:
But when markets are left free to decide where all of the resources should go, then prosperity follows:
Whenever the central planning schemers get together to sell society on the “next needed thing” — e.g., in COVID, the “next needed thing” began with facemasks, and ended with harmful COVID shots — then prepare for the worst.
Pay attention and notice that all of their fixes involve the centralization of decision-making authority, making corruptible officials into the surrogate decision-makers for millions of otherwise-free people. But when corruptible officials get to decide, then bad things are sure to happen.
Even in the rare case that some good actually does come from what they sell us on, the very process of centralization will still drive society down into poverty and debt. In other words, even when they are right, they are wrong. Don’t let them enact a Great Reset that consolidates power into unaccountable structures populated by elites.