Dirigiste

The repeated crises in dirigiste systems are in essence crises of information since the abolition of the market leaves the central planner bereft of that economic knowledge which is required for harmony.

Certainly, popular demands and the force of circumstances have already pushed the Biden administration towards a dirigiste programme of government-led recovery that has no real precedent since the 1960s.

Warren wants to centralize economic decisions, creating a Department of Economic Development — a top-down council of government dirigistes.