Do you believe in a centrally planned economy to provide tap water? If it works for tap water, why not for other things? It works for public housing too. It works for transport infrastructure. It works for railways. Why is it such a stretch to think that what you probably already believe in for water, railways, roads, education, housing could also run some clothing and furniture factories?
What about the worry of corruption with the central authority?
Corruption is a real concern. No country in the world is free of corruption. Reducing it to the most minimal level requires a multi-pronged approach, including paying civil servants decently, setting a good culture, having oversight where people check other people’s work (anonymously to avoid intimidation or collusion) and lots of other things. It’s not a simple fix.
Corruption is not a curse that is particular to the public-sector. Economies with private ownership are also prone to corruption: Lehman Brothers, Enron, etc.
What about the worry of corruption with the central authority?
Corruption is a real concern. No country in the world is free of corruption. Reducing it to the most minimal level requires a multi-pronged approach, including paying civil servants decently, setting a good culture, having oversight where people check other people’s work (anonymously to avoid intimidation or collusion) and lots of other things. It’s not a simple fix.
Corruption is not a curse that is particular to the public-sector. Economies with private ownership are also prone to corruption: Lehman Brothers, Enron, etc.
Nobody ever talks about corruption in the private sector, and I’m glad you did.
2008 financial crash was a crime committed by a small group of people
You don’t need a central authority to do centralized planning. Nor do all plans need to involve coordinating everyone.
You purge the corrupted officials and revisionists from the government