> Are you trying to say that, just because it's a private company, it's not centrally planned?
Correct. For example, the government is not saying that Duke must put ten gas power plants in a particular location for $10 by 2025.
> That each section of its business is in some sort of free market?
Funnily enough, this is pretty close to how Duke operates. The central holding company only deals with the strategic planning, and its subsidiaries make their own plans to implement these plans.
But anyway, even in the areas where Duke has a legal monopoly, it has to contend with other utilities, otherwise its monopoly will end.
> Private corporate ownership and central planning are not mutually exclusive.
They are. Central planning from the government means that there's no meaning in private ownership. Centrally planned industries are not affected by the market forces, so they can become inefficient without the market feedback.
It looks like we're working off fundamentally different definitions of central planning, so of course we disagree. Central planning, in my vernacular, does not at all imply government control. It simply means that most decisions are made by some sort of central authority and executed by decentralized agents, rather than plans being made by the agents themselves. This is how most non-franchise businesses operate.
If you require central planning to retain an element of planning by the government in your definition, then I agree, energy is not a good example of this.
Correct. For example, the government is not saying that Duke must put ten gas power plants in a particular location for $10 by 2025.
> That each section of its business is in some sort of free market?
Funnily enough, this is pretty close to how Duke operates. The central holding company only deals with the strategic planning, and its subsidiaries make their own plans to implement these plans.
But anyway, even in the areas where Duke has a legal monopoly, it has to contend with other utilities, otherwise its monopoly will end.
> Private corporate ownership and central planning are not mutually exclusive.
They are. Central planning from the government means that there's no meaning in private ownership. Centrally planned industries are not affected by the market forces, so they can become inefficient without the market feedback.
Central goal setting is fine, but not planning.