That targetted planning with strict conditionality

Source: Adam Smith Institute
by Tim Worstall

“As we all know there’s a move to demand a new industrial policy. Government — those Rolls Royce minds — should determine what is done in our economy, by whom, how, and thereby gain such glorious results to the benefit of the nation. Hmm, well, it’s an idea. Is there, though, some method by which we can test this? Before we gain that benefit to the nation or not? As it happens, yes. For the use of land has been nationalised since 1947. That’s when the Town and Country Planning Act did exactly that – centralised and nationalised who may use which piece of land for what to gain such glorious results to the benefit of the nation. The Resolution Foundation has just told us how that has worked out over the 75 odd years …” (03/27/24)

https://www.adamsmith.org/blog/that-targetted-planning-with-strict-conditionality