What about the planned economy that learns from the previous one’s mistakes? Or the one after that?
Based on all the past experiments, they all fail.
Every person and company has complex needs and desires and ultimately, it’s impossible for a central authority to fully anticipate and manage that over the size of a nation, because the quantity of parameters and unknown is almost infinite. Heck I don’t even know what I’ll want to eat for dinner!
Without even diving into the issue of concentrating so much power into a single hand. Absolute power corrupts absolutely.
I dunno, human history is a story of conscious design and planning outperforming evolutionary systems.
China and Vietnam are doing pretty well with their mixed economies. Seems like they’ve harnessed the positive effects of evolutionary economies without giving up conscious control to a stock market that only makes decisions via short-term profits.
Pretty well. I’m not arguing China is perfect or anything, but they are at least capable of addressing a problem and moving on to the next one. Like, 50 years ago they were having trouble feeding people. Today, they’re everyone’s largest trading partner. That comes with it’s own set of issues, but I think they have the capacity to work through it.
50 years ago, the United States was arguing about abortion and inflation. When I was in elementary school, it was with talk of school shootings on the news. Today, we’re still arguing about abortion and inflation. Now I’m in the workforce and several generations have grown up with school shootings on the news. If China has issues “bubbling under the surface”, then our issues have become gangrenous.
You’re being purposely dishonest when you argue that the issues of the US 50 years ago are the same as they are today. Inflation isn’t something that goes away. It’s a necessity in for a growing economy. Abortion is politically still here but views on sexuality and women are not the same as it was 50 years ago.
Our issues are bad and still probably get worse before they get better but I still would not trade places with China. As I said it’s easier when you are still a developing nation but their issues are not something you’d envy.
They have a real estate problem that can end their economy, a gender disparity due to their 1 child policy that will leave generations of men without any hopes of finding a partner, and they still get to deal with the same education inflation problem that exists everywhere: all children spending their whole lives studying to get into the few good universities but without that good job waiting for them.
Naturally a planned economy under-performs an evolutionary economy.
The first time. What about the planned economy that learns from the previous one’s mistakes? Or the one after that?
It still does poorly because we are bad at predicting the future
Based on all the past experiments, they all fail.
Every person and company has complex needs and desires and ultimately, it’s impossible for a central authority to fully anticipate and manage that over the size of a nation, because the quantity of parameters and unknown is almost infinite. Heck I don’t even know what I’ll want to eat for dinner!
Without even diving into the issue of concentrating so much power into a single hand. Absolute power corrupts absolutely.
I dunno, human history is a story of conscious design and planning outperforming evolutionary systems.
China and Vietnam are doing pretty well with their mixed economies. Seems like they’ve harnessed the positive effects of evolutionary economies without giving up conscious control to a stock market that only makes decisions via short-term profits.
Vietnam is still developing so there is a lot of room for growth, but China already has a mountain of issues bubbling under the surface.
How well do you think your comment will age in 3 to 5 years?
Pretty well. I’m not arguing China is perfect or anything, but they are at least capable of addressing a problem and moving on to the next one. Like, 50 years ago they were having trouble feeding people. Today, they’re everyone’s largest trading partner. That comes with it’s own set of issues, but I think they have the capacity to work through it.
50 years ago, the United States was arguing about abortion and inflation. When I was in elementary school, it was with talk of school shootings on the news. Today, we’re still arguing about abortion and inflation. Now I’m in the workforce and several generations have grown up with school shootings on the news. If China has issues “bubbling under the surface”, then our issues have become gangrenous.
You’re being purposely dishonest when you argue that the issues of the US 50 years ago are the same as they are today. Inflation isn’t something that goes away. It’s a necessity in for a growing economy. Abortion is politically still here but views on sexuality and women are not the same as it was 50 years ago.
Our issues are bad and still probably get worse before they get better but I still would not trade places with China. As I said it’s easier when you are still a developing nation but their issues are not something you’d envy.
They have a real estate problem that can end their economy, a gender disparity due to their 1 child policy that will leave generations of men without any hopes of finding a partner, and they still get to deal with the same education inflation problem that exists everywhere: all children spending their whole lives studying to get into the few good universities but without that good job waiting for them.