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Generating companies are no longer obliged to produce power as has been the case under centralized planning, but can choose to do so at a time and price that is profitable to them.
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Pinochet had no need for real-time centralized planning; the market was to replace it.
As a result, the information critical for centralized planning cannot be obtained.
Fifth, centralized planning, which had evolved naturally with the war economies, made economic integration seem possible and attractive.
On paper, this period of War Communism, as it is now called, was one of centralized planning.
Yet, charged with the orchestration of a civilian economy in normal peacetime conditions, the system of centralized planning failed seriously.
A Defense Department official said the new evidence had left no doubt there was "some centralized planning before the war for the plan that has been executed".
Around now, an apt symbol of its condition is the city's hot water system, perhaps one of the more exasperating vestiges of Soviet centralized planning.
Even China, a country where centralized planning often looks like a grotesque parody of American postwar development, is beginning to move toward more sustainable, dense urban models.
And centralized planning is not exactly dead yet.
One of the great lessons of the 20th century is that centralized planning and control don't work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com