I find the Austrian-influenced critique of communism unconvincing. Many Communist countries chugged right along, growing their economies at a pace that alarmed Western observers, before they sagged and broke down under their increasingly cruel, incompetent, kleptomaniacal, bureaucratic government systems. But before this happened people were afraid Communism could actually win. When Khrushchev said "we will bury you" people took him seriously. But if von Mises was right they should never have gotten anywhere in the first place. Also consider that the internal economy of any real-world corporation is 'centrally planned' in a limited sense. When you call up the HR department or tech support, you don't have to pay them for their labor.
Hayek was the Austrian that got it right--it's not that central planning is inefficient, it's that efficient central planning for a broad market economy can only be accomplished when you begin to devalue the actions of the humans of the world that aren't in line with what the planners want. Eventually, what is lost is all incentives for planners to plan for anyone but themselves. This goes all the way back to Marx, who would talk about things like how capitalists as a social class do not really provide 'labor value'; that the capitalist even makes money at all is an accident of human organization and that they are not really valuable or needed in the world. To the hardcore Marxist, capitalists are not merely overpaid, they are in fact worthless by definition.