No, it isn't. You can have democratic control over capital, respecting subsidiarity principle. It's no more centralized or decentralized than under capitalism.
> But to eliminate capital markets and push it all into a central planner is bad.
If you have a high concentration of wealth you have the same centralized control, regardless whether the mechanism is capital markets or gosplan.
No, it isn't. You can have democratic control over capital, respecting subsidiarity principle. It's no more centralized or decentralized than under capitalism.
> But to eliminate capital markets and push it all into a central planner is bad.
If you have a high concentration of wealth you have the same centralized control, regardless whether the mechanism is capital markets or gosplan.