"Hayek’s point in his famous essay of 1945, “The Uses of Knowledge in Society”, is that central planning cannot work because it is trying to substitute an individual all-knowing intelligence for a distributed and fragmented system of localised but connected knowledge, much of which is tacit. It is the essence of anti-elitism, of – dare I say it – populism, the prescient harbinger of what is sometimes called “dot communism” – the flattening of human society as a result of the internet."