The need for central planning

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The need for central planning

Walmart’s success was riven by its strict adherence to central planning in a market-based economy. So, if the private sector can do it, why can’t the public sector be better at it too?

Steve Keen

Aug 02, 2025

∙ Paid

In one of his many walks around his neighbourhood Phil has been listening to a book, The People's Republic of Walmart, by Leigh Phillips & Michal Rozworski. Basically, a contrarian economist and a journalist teaming up together. Could such a combination ever really work?

The book highlights how part of Walmart’s success story was its meticulous central p…

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