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'Terrible planning' ends up being 'too much planning'.

In the end, Venezuelans were certainly trying to 'have the right plan' and 'build a better Venezuela', but because of the complexity of the economy, they were not able to grasp the tiny details and failed on their mission.

This is why I don't think top-down socialism will work in the US, we're just too economically, politically, and culturally diverse for one system. Now, on a state level I think in some places it could definitely thrive, but for some reason the leftists want everything done on a federal level, making it much harder to institute social programs and make them work.

I believe the OP means governments know that central planning is a compete failure but they just can't help themselves.

Like alcoholics, 'a few beers' won't hurt. It's the same with planning - just a little five year plan. It won't hurt.

Central planning is a single point of failure.