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by TimTheTinker
2154 days ago
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> democratically planned economy Sounds like an absolute nightmare on anything but the most local scale. Think about the number of economic decisions made daily by individuals in a free-market economy. That’s many orders of magnitude more than the number of decisions that could be made by a democratically elected group of representatives at the federal level, even if assisted by computer systems. And that’s not even considering secondary effects. Command economies have been tried many times and have never worked well. Beyond a certain limit, the larger the scale the more colossal the failure. The USSR was only able to go as long as it did because Stalin was shipping trainloads of grain out of the Ukraine leaving millions of people starving. EDIT: Video of a grocery store in Moscow, USSR, 1989: https://youtu.be/jWTGsUyv8IE |
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While command economies have numerous documented failures, including actual fucking famine during eg the Great Leap Forwards, crowd-sourcing is a very real phenomenon, enabled by the Internet, even under capitalism. Right now, however, we're witnessing the failure of a free-market economy to provide for their poorest citizens. At least the people that starved under Stalin didn't have a Safeway on their block that was filled with food.
Markets are so efficient that even socialist food banks[0] use a "market" on the backend. That doesn't mean that an infinitely free market is infinitely efficient.
[0] https://www.chicagobooth.edu/magazine/food-bank-economics