1. Central planning might work today but not in a democracy. Keeping the economy at arms length distance from politics seems essential in a liberal democracy. Pretty sure Amazon wouldn’t be as successful if the leadership was elected by employees / customers / stakeholders.
2. The problem with autocracy + central planning is when things go wrong or the world changes in some important way (or people’s preferences change). No way to correct or replace the administration without revolution.
So, I’d still bet on liberal democracy and capitalism over the long term.
Democracy and capitalism are not joined at the hip, and while the neoliberals are praising the idol of free market, capitalism is dismembering our democratic institutions, like independant journalism and access to justice.
2. The problem with autocracy + central planning is when things go wrong or the world changes in some important way (or people’s preferences change). No way to correct or replace the administration without revolution.
So, I’d still bet on liberal democracy and capitalism over the long term.