You are correct in your assessment of your meaning. Thoughtless indirection and delegation of capital allocation is essentially abrogation of executive agency in a capitalist system. It is, in fact, undermining in every sense to personal determination.

Is it painful? Yes. Does it prevent centralized allocation? Damn straight. Is centralized allocation of capital something to be avoided like the plague? In my opinion, yes. Even at the cost of the inherent pain previously mentioned.