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> Communism failed because prices were centrally set. We knew how to build useful things (that don't break 1 day after warranty) but not which ones to build and
by antisthenes 9y ago
> Communism failed because prices were centrally set. We knew how to build useful things (that don't break 1 day after warranty) but not which ones to build and how many.
A problem easily solved with modern technology. There's nothing inherent in communism or capitalism that prevents or enables, respectively, the use of price signals.
- chiaro 9y agoThe first chapter of Marx' capital directly sets up this inherency by means of his labor theory of value, along these lines.