RBE is worst form of cronyism

Resource-Based Economies(RBE) are a fantasy at best, a crime against humanity at worst.

Read up on the Economic Calculation Problem, or consider the short version: somebody will allocate capital; somebody will decide what to produce, and somebody will direct your life. You’ll be just another “resource” to be managed by Apparatchiks and Nomenklatura, who are the greediest kind of crony capitalists.

Such efforts at “central planning” become pure cronyism, with none of the organic checks and balances provided by competition and choice.

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