Innovation is unpredictable and disruptive – it can’t be willed through central planning.

Jesus Huerta, 5-28-10, “Socialism, Economic Calculation and Entrepreneurship,” Mises, https://mises.at/static/literatur/Buch/huerta-de-soto-socialism-economic-calculation-and-entrepreneurship.pdf

Socialism patently entails an assault on human creativity and hence on society and the advancement of civilization. In fact, to the extent that the free exercise of human action is forcibly impeded via coercive commands, actors are unable to create or discover new information, and the advancement of civilization is blocked. To put it another way, socialism implies the systematic establishment of a series of barriers to free human interaction, and these barriers freeze the development of society. This effect is felt in all areas of social development, not just in those which are strictly economic. One of the most typical characteristics of the socialist system is its slowness to innovate and to introduce current technological innovations, and as a consequence, socialist systems invariably trail behind their competitors in the development and practical application of new technologies.31 This is so even though socialists, in an extensive and voluntaristic manner as always, strive to force society’s technological development by issuing commands and creating pretentious institutes or councils devoted to scientific research and to planning the future development of new technologies. Nevertheless, the very creation of these bureaucratic agencies for the development of innovations is the clearest and most obvious sign that the system is blocked with respect to scientific and technological development. The fact is, it is impossible to plan the future development of knowledge which has not yet been created and can only emerge in an environment of entrepreneurial liberty that commands cannot simulate.