[bollu]

Honest question: how do we know markets work better? Where would I start a quest to read peer-reviewed research of how markets are better than centralized planning in the 21st century, where have powerful computers that are capable of assimilating terabytes of information?

[timeeater]

It's not just a matter of parsing lots of information, you also have to collect the information, and interpret it correctly. Maybe one day in the future, a real AI will be able to do better than markets (by what metric, though). But not yet.

Show me the computer program that knows how to create a pencil? And then a toaster? How does it know how many toasters will be needed? Is a toaster more important than a smart watch?

Also, if you have such a Computer program, you could use it to beat the markets. You could use it to compute the perfect prices of futures (because you know the future demand and supply). So I guess there is your answer: if you had such a Computer, you could beat the markets, as long as you don't do that, markets are better.