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The Guardian is a notorious proponent of central economic planning, which is the most hubristic economic ideology there is. It presumes a small group of economi
by Jabanga 9y ago
The Guardian is a notorious proponent of central economic planning, which is the most hubristic economic ideology there is. It presumes a small group of economists, using macroeconomic data, can plan the activities of millions of people better than they can themselves using vast stores of localized private knowledge that's diffused across society. Moreover, it advocates that the government should give these economists the right to override an individual's own decisions on what to do with their life and property, in order to force them to comply with said plan.
Every other article from them promotes basic income, prohibitions on 'dangerous' free market interaction (e.g. Uber), conspiracy theories about the wealthy promoting the free market ideology, or some other bullshit economic fad based almost entirely on conjecture from anecdotal evidence that satisfies its ideological biases.
- mapleoin 9y ago> The Guardian is a notorious proponent of central economic planning Do you have a citation for that, please?
- ThomPete 9y agoWell I am not a proponent for that and I agree with them. Furthermore Basic income is NOT a central economic idea it's an idea that goes across political ideologies and rightfully so.
- Jabanga 9y agoBasic income is a form of central economic planning. A central authority deems that X% of every individual's income will be forcibly redistributed through a program that disperses it equally amongst the population. Like all central economic planning schemes, it overrides the individual's right to privacy and property in order to force the individual to conform to some simplistic plan. Central economic planning contrasts with the market mechanism, where individuals decide for themselves what to do with their person and property [1]. [1] https://en.wikipedia.org/wiki/Economic_planning https://en.wikipedia.org/wiki/Economic_planning
- ThomPete 9y agocentral planning is about supply and demand. basic income is just another way to deal with social welfare. Its not anymore central than conditional income. And even further than that calling it central planning doesent change its value one being the removal of the giant bureaucracy around it.
- pmyteh 9y agoThe Guardian is a (social) liberal newspaper, not a socialist one. I've never seen them argue for central planning in an editorial, and I've been reading them on and off for nearly 30 years. Not is it particularly fond of economists. They do generally object to laissez-faire capitalism. But frankly, a dislike of Uber is nothing at all to do with a penchant for 5-year plans.
- Jabanga 9y agoAll social democratic policies are forms of central economic planning. Central economic planning is not limited to full-scale communism. https://en.wikipedia.org/wiki/Economic_planning https://en.wikipedia.org/wiki/Economic_planning
- tim333 9y agoAs a regular Guardian reader I don't recognise any of that stuff.