How does the government know the exact amount to produce?
How does the government know the exact amount to produce?
The myth that a planned economy is inefficient comes from a time when not everything was computerized.
Every year that goes by without a reset in industrial policy, the web gets worse and there are fewer companies doing actual hardware. It turns out when you let the people who focus solely on finance and efficiency run things, it goes well for a while and then your foundational companies become like Boeing.
Government should participate more strongly, not less - including by breaking up big tech.
There’s probably some point where running a full command economy becomes feasible with modeling, oppressive surveillance and repression, etc. Not sure I’d want to live in it, but “the Soviets failed” is a weak argument.
Clearly humanity will get there, or will likely destroy itself in the process.
What we have under "capitalism" is essentially the Soviet wet dream: being able to force workers into work, "willingly", and they work so hard they piss into bottles to stay on target.
We've got all the repression right now, just for a slice of the population that everyone considers effectively disposable.
Woah.
Can't let farmers empty water tables, let prices of eggs go insane, or corporations up prices just to take advantage of customers to the point it causes a price spiral.
The Fed is ill-equipped, the FTC doesn't do much, and the CFPB was neutered.
I could just eat fewer things made out of eggs
There are people who don't eat eggs at all!
If I choose to eat a steak with some veggies on the side, where's the egg in that? Where are the beans?
Yesterday I had a pizza. It had no egg or beans on it, just bacon, cheese, pizza crust, tomato, etc.
Ah yes, a bloated bureaucracy has always been the recipe for a flourishing economy. The US is still probably the most solid, wealthy and - compared to its peers - fast growing economy in the world. The lack of administrative meddling is what made the US the dream destination for all the most ambitious people around the world. A radical shift to jeopardize that is a terrible idea.
I'm not from the US, but I'm glad different systems with different strengths exist. Even if only so we can compare how differences in e.g. amount of regulation etc affect a country overall.