alt Hacker NewsThat's so naive. Economic central planning is a fool's errand. Regardless of how good the computers are, it can never work because it's impossible to gather accurate demand data. Only free market economics can ever work at scale over the long term.
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krainboltgreene • last Tuesday at 2:47 AM
> Economic central planning is a fool's errand.
crazy, because the two biggest cases of economic central planning are the USSR which grew faster than any civilization ever (a literacy rate of 30% to 100% in 60 years) and China who is currently making the United States world power look like a toddler.
There's clearly something to central planning, it's still up in the air if you can totally plan an economy centrally. I tend to agree with Chibber.
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That is nothing but an ideological statement without any evidence, one that is being disproven as we speak.
Free market economics haven't worked out great for the vast majority of people.