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Capital markets are better at allocating resources than governments are .

资本市场在分配资源方面比政府做得要好。

They have enormous discretion in allocating quotas .

他们在分配额度方面拥有巨大的自由裁量权。

Bureaucrats are usually worse at allocating capital than the private sector .

官僚们通常在分配资源方面比私有部门做得差。

But the centralized model is unlikely to prove efficient at allocating capital .

但中国的中央集权模式却不大可能有效地分配资金。

The council now takes volunteering into account when allocating scarce public housing .

这里的议会现在考虑在分配短缺的公共住房时优先考虑志愿者。