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by utexaspunk
3299 days ago
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>The calculation problem with central planning isn't​ really a calculation problem, it's a missing input problem. You can't optimize utility without a good input on utility. Historically that has been true, but couldn't technology help? Like, issuing everyone a smartphone and having them register all demand and make all purchases through it. The rest is a problem of keeping capital from aggregating at the top. |
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No, it's a fundamental structure problem, not a technology (aside from the sense in which an economic system is itself a social technology) problem.
> Like, issuing everyone a smartphone and having them register all demand and make all purchases through it.
From a utility signalling perspective, that's not significantly different in the information it provides than just retaining currency for consumer purchases, which state socialism generally has.