They had computers towards the end, of course, but they were extremely primitive. The kinds of disaster predictions you can do on a machine built to run Tetris are nothing compared to what can be done with today’s technology.
Also, it’s not like markets can actually deal with disasters. Without at least some central planning disaster response and relief is impossible.
Planning for relief disaster and a planned economy are incredibly different things. Planned economies do not handle disasters well at all as they didn’t prepare for that disaster in advance (typically because how can you plan for the one in a hundred million chance that x would happen).
We largely have stuck with market based economies because they currently are much more responsive to changes.
While computers have gotten more powerful there is zero evidence to support that we have gotten to the point where they could run a planned economy in any fashion.
We largely have stuck with market based economies because they currently are much more responsive to changes.
No, we still have market based economies because they make a few people very very rich.
We needed markets before computers and instant mass communication. Things are different now
While computers have gotten more powerful there is zero evidence to support that we have gotten to the point where they could run a planned economy in any fashion.
What about the fact that market-based responses to COVID were universally worse than centrally planned responses?
If you don’t understand that microeconomics and macroeconomics are not the same, and you have clearly stated this when you say companies and nation-states function under the same rules, then there isn’t a point in having a further discussion with you because you aren’t coming from an informed position.
Im stopping not because if your tone but rather because you have made it clear you don’t really know anything about economics.
They had computers towards the end, of course, but they were extremely primitive. The kinds of disaster predictions you can do on a machine built to run Tetris are nothing compared to what can be done with today’s technology.
Also, it’s not like markets can actually deal with disasters. Without at least some central planning disaster response and relief is impossible.
Planning for relief disaster and a planned economy are incredibly different things. Planned economies do not handle disasters well at all as they didn’t prepare for that disaster in advance (typically because how can you plan for the one in a hundred million chance that x would happen).
We largely have stuck with market based economies because they currently are much more responsive to changes.
While computers have gotten more powerful there is zero evidence to support that we have gotten to the point where they could run a planned economy in any fashion.
No, we still have market based economies because they make a few people very very rich.
We needed markets before computers and instant mass communication. Things are different now
What about the fact that market-based responses to COVID were universally worse than centrally planned responses?
Given what you have said in the last comment I replied to I do not wish to continue this conversation
You called me poorly educated. Was I supposed to be nice after that?
If you don’t understand that microeconomics and macroeconomics are not the same, and you have clearly stated this when you say companies and nation-states function under the same rules, then there isn’t a point in having a further discussion with you because you aren’t coming from an informed position.
Im stopping not because if your tone but rather because you have made it clear you don’t really know anything about economics.
Whatever you say Dunning-Kruger
You’re even getting that wrong
Eat my shorts.