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by SpaceCadetJones 3656 days ago
Note: I'm not an advocate of central planning. However, I do believe that technology could make it viable. Our purchases in markets are used as inputs to companies so they can plan and allocate resources. I don't see any reason this sort of interaction couldn't be emulated by people giving input as to what they desire. We also have to admit that the USSR and China saw possibly unprecidented growth with centralized economic planning, although I wouldn't really argue that's necessarily a good thing and came at great costs. Personally I believe in more of a transitional approach by converting all corporations to cooperatives and allowing communities to democratically manage property, and seeing where that leads us.
1 comments

The problem is how could a central planner ensure technological progress and manage people in a bureaucracy composed of the entire country population.

Managing static resources is easy.

Now, cooperatives are interesting. They mostly don't work, but when they work, they are great.