Should a state control the means of production?

The state should not control the means of production due to the innovation and efficiency that arises from private ownership (Shleifer, 1998:135), the necessity for non-regulated prices creating proper indicatators¬† (Friedman & Friedman, 1980:14) and the dangers of central planning (Hayek, 2007:124). People are more likely to work hard if they are given proper incentives. […]