If I had to guess I’d have to say they’re talking about the “Economic Calculation Problem” which says a planned economy is impossible because there are too many variables. There are a few of these nerds. Hakim made a video about it 3 years ago.
It’s wild that people talk about ECP like it’s some highly theoretical string theory that we could never test empirically. The largest corporations today are managing production far larger in scale than entire countries back when Marx was writing, or even during the Bolshevik era. Amazon is proof of not merely the possibility, but the current ability to coordinate production of a national economy.
Marx himself thought that the development of complex division of labor within private capital would produce the conditions for socialist production. This is obviously the case and it’s why capitalism undermines itself.
If I had to guess I’d have to say they’re talking about the “Economic Calculation Problem” which says a planned economy is impossible because there are too many variables. There are a few of these nerds. Hakim made a video about it 3 years ago.
It’s wild that people talk about ECP like it’s some highly theoretical string theory that we could never test empirically. The largest corporations today are managing production far larger in scale than entire countries back when Marx was writing, or even during the Bolshevik era. Amazon is proof of not merely the possibility, but the current ability to coordinate production of a national economy.
Marx himself thought that the development of complex division of labor within private capital would produce the conditions for socialist production. This is obviously the case and it’s why capitalism undermines itself.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: