2. In the UK the elite was primarily from a very small group - a few thousand families - when I was born. This has changed as the UK became more like a meritocracy under Thatcher (they hated her for that!) But further change is needed.
Again, you have suppliers to pay. The suppliers may not be able to wait to be paid. They have suppliers and workers who need to be paid to.
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If the suppliers can’t wait to get paid, then they have to determine a form of payment they’ll accept, or they won’t get paid. Can’t go into the market if you’re not willing to make deals. What suppliers would a steel refinery have? Are the miners in a separate company?
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But companies will have different financial resources, supply chains etc. Markets navigate this much more efficiently than a bureaucrat saying "Do this!"
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