> Economic central planning always fails over the long term.

So do businesses - capitalism has business failure built in and expected. Private industry in energy has failed the public dramatically at times. Economic planning works in many respects - lots of places do fine with roads, energy, healthcare, water, gas, other transport infra (airports, subways, etc.).

The question is, which tool does what well, and how do we apply them? Private industry is good for rapid innovation and development, and for keeping things off the public ledger - smartphones, etc. It isn't good when failure isn't an option, such as police, water, ... look at hospitals, for a current example.

> central planning

These are bogey scare words - what is central about it? It's not a 5 year plan for the entire economy of the entire country.