[quotemstr]

And that's why command economies fail. They fail in the same way that firms do, except that because the whole economy is one giant firm, you can't get the you need to remove entrenched bureaucrats until the situation gets so bad that you have a revolution or lose a war.

[scottyah]

Ray Dalio has been preaching this for awhile now. Mad respect for him spending an non-insignificant amount of time and money to educate the masses (and all the pushback that comes from it).

[Npovview]

I read this a decade back. Lot of good ideas. Explains lot of different fields and how they operate. I recommend people to read it or use AI to get the gist.

https://dn710707.ca.archive.org/0/items/BridgewaterRayDalioP...

[whattheheckheck]

What does he say

[psychoslave]

How is failure/success discriminated here and which concrete command economies are assessed?

[TheOtherHobbes]

The whole economy is always one giant firm.