America Has Central Planners – We Just Call Them ‘Venture Capitalists.’

They're using Wework as a whipping boy, and pointing at Softbank as a typical VC, although Softbank, even its Vision Fund, is really more like private equity.

VCs must generally choose companies that can ultimately attract public investors to make a profit. They must also answer to LPs, convince company leadership to take their investment terms, and must follow government regulation. All this while competing with the many other VCs out there.

That naturally results in many more checks and balances (and thus less concentrated power) than is typically wielded by central planners.

How this even gets published is beyond me.

It works way better than when all economy is centrally planned.

So it might be prudent to prevent companies from growing too large and integrating to much vertically or growing into multiple domains horizontally to prevent inefficiencies inherent in large scale central planning from comming back.

In my minds it's not VCs, it's CEOs of Disney, Amazon, Unilever and such.