"Hayek cannot see how, in a planned state, groups can settle their differences over the course to be followed when, the state is to undertake various business projects. He pretends that in this case it is necessary to leave it to "the discretion of the judge or authority in question" to decide what is "fair and reasonable." This again is hypothetical. The solution depends on how the law of the plan is constructed, and the ability and state of mind of the negotiators in parliament, in the courts, and in regulatory bodies such as the Tariff Commission, the Interstate Commerce Commission, the Federal Communications Commission, and the Securities and Exchange Commission, which are solving problems and building up important experience. But principally it depends on nationwide debate conducted over the course of years, assisted by the sifted results of scientific research and experience. The plan, such as it is, emerges from the majority; and only that emerges from the majority which the majority can thereafter operate. That is the answer to Hayekian obscurantism."
Herman Finer

January 1, 1970

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Original Language: English