I’ve been dabbling with the idea of communism for quite some time now, but one thing has always prevented me from being fully convinced. How do you allocate the inherently scarce resources. I strongly believe that a local person/company knows better how to allocate resources efficiently than a central government 100s km away. For example food. A central government will never be able to know the area as well as locals. How do you solve this?
Capitalism isn't efficient at allocating resources. There's a massive amount of waste in everything from food (insert Grapes of Wrath oranges excerpt) to overproduced clothes that are destroyed because they're ”last season” (see Abercombie & Fitch or Burberry).