[htss2013]

Do we have the capability for advanced socialism? Because I recall all the smartest economists circa 2021 saying inflation wasn't a thing, it's transient, it's only covid affected supply chains. In reality we are in an broad sticky inflation crisis not seen since the 70s, which may be turning into a regional banking crisis.

It's difficult to believe we have reached advanced socialism capabilities, and all of the forecasting that would require, when we don't even understand the basics of forecasting inflation 1-2 years out.

[efficientsticks]

The ambiguity of “advanced socialism” is problematic for any meaningful debate, so I apologise for that.

I was meaning something closer to “we have the resources and technology (in this advanced era), just not the wisdom or political will”. The actual nature of what could be provided is up for debate, but if we’re looking at mass unemployment in 2 decades’ time, perhaps it’s a conversation worth having again.