What about the planned economy that learns from the previous one’s mistakes? Or the one after that?
Based on all the past experiments, they all fail.
Every person and company has complex needs and desires and ultimately, it’s impossible for a central authority to fully anticipate and manage that over the size of a nation, because the quantity of parameters and unknown is almost infinite. Heck I don’t even know what I’ll want to eat for dinner!
Without even diving into the issue of concentrating so much power into a single hand. Absolute power corrupts absolutely.
I dunno, human history is a story of conscious design and planning outperforming evolutionary systems.
China and Vietnam are doing pretty well with their mixed economies. Seems like they’ve harnessed the positive effects of evolutionary economies without giving up conscious control to a stock market that only makes decisions via short-term profits.
Naturally a planned economy under-performs an evolutionary economy.
The first time. What about the planned economy that learns from the previous one’s mistakes? Or the one after that?
Based on all the past experiments, they all fail.
Every person and company has complex needs and desires and ultimately, it’s impossible for a central authority to fully anticipate and manage that over the size of a nation, because the quantity of parameters and unknown is almost infinite. Heck I don’t even know what I’ll want to eat for dinner!
Without even diving into the issue of concentrating so much power into a single hand. Absolute power corrupts absolutely.
I dunno, human history is a story of conscious design and planning outperforming evolutionary systems.
China and Vietnam are doing pretty well with their mixed economies. Seems like they’ve harnessed the positive effects of evolutionary economies without giving up conscious control to a stock market that only makes decisions via short-term profits.