Central Planning Failures
Comments debate the flaws and historical failures of centrally planned economies, frequently citing Soviet Union examples and contrasting them with free market systems.
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> centralized planning doesnβt work. who said anything about centralized planning?
Sounds like classic problems with socialism and central economic planning.
Sounds like a planned economy. We know how well that works.
It's almost as though central planning of an economy is hard.
Here a quote from your interesting links. It seems some were already very aware of the short comings of centralised economy:"If a universal mind existed, of the kind that projected itself into the scientific fancy of Laplace β a mind that could register simultaneously all the processes of nature and society, that could measure the dynamics of their motion, that could forecast the results of their inter-reactions β such a mind, of course, could a priori draw up a faultless and exhaustive
Centrally planned economies are capable of interesting things!
It seems you're advocating for a centrally planned economy, but from history we see that it doesn't work. It seems that there is simply too much in an economy for one entity to wholly plan. It can work in a smaller organization like Amazon (and even then, I'm sure teams compete for allocation of resources, it's not all centrally planned) but not at large. We see that people in centrally planned economies revert to underground black markets, signifying that somehow markets are
its the central planning thing all over again
I've heard it said that central planning in the Soviet Union would have worked with modern communication and information management systems. But on the other hand, planning for one corporation is far simpler than planning for an entire economy.
It happened throughout the history of the Soviet Union. It was the whole premise of central planning. Now, they think they can "do it better" because they'll use AI instead of "expert people" but it will have the same horrifying effects. Same thing happened in Maoist China.