4 ms·

"[T]he economy is centrally planned, using opaque algorithms not fully understood by their users" Loved this thread, but I think this one lost me. Does anyone

"[T]he economy is centrally planned, using opaque algorithms not fully understood by their users" Loved this thread, but I think this one lost me. Does anyone know to what this is referring and mind explaining? Is this a comment on news feeds in apps, or is it a comment on the odd housing supply / zoning decisions? Or neither?

arethuza 8y ago
Possibly because large corporation do internally have a form of central planning - usually using Oracle Hyperion (which Google appears to use).... :-) Edit: I based my guess about Google using Hyperion for their financial planning based on the job adverts....
- ryandrake 8y ago
  I’ve always found it ironic that the purest examples of communist style central economic planning are found within capitalist corporations. Raise your hand if your company’s budget, hiring, and other resource deployment is done democratically, through a vote.
  - zzzcpan 8y ago
    I don't think it's a secret that Soviet Union "borrowed" a lot of ideas from large capitalist corporations. Of course they are similar.
  - majewsky 8y ago
    Big corporations are basically communist empires in this regard. I think the reason why capitalism won over communism is that capitalism has a large number of centrally-planned enterprises where natural selection can take place internally and the failure of any single enterprise does not hurt (and even benefits) the others. In communism, however, there's only one big plan that's "too big to fail".
    - digi_owl 8y ago
      With the added irony that Marx envisioned the fall of capitalism to start with workers taking over control of the factories they worked in, not by some vanguard taking over government by force.
  - deleted 8y ago
    [deleted]
beaconstudios 8y ago
perhaps the fads and trends that drive huge amounts of VC investment and disappear a year or two later? Currently it's blockchains and AI, but previous iterations have been IoT, social, local, chatbots, and so on. Often these technologies are hyped way beyond their actual practical applications.
mymythisisthis 8y ago
https://www.care2.com/causes/d-c-teacher-fired-all-because-of-a-typo.html https://www.care2.com/causes/d-c-teacher-fired-all-because-o...

arethuza 8y ago

Possibly because large corporation do internally have a form of central planning - usually using Oracle Hyperion (which Google appears to use).... :-) Edit: I based my guess about Google using Hyperion for their financial planning based on the job adverts....

ryandrake 8y ago
I’ve always found it ironic that the purest examples of communist style central economic planning are found within capitalist corporations. Raise your hand if your company’s budget, hiring, and other resource deployment is done democratically, through a vote.
- zzzcpan 8y ago
  I don't think it's a secret that Soviet Union "borrowed" a lot of ideas from large capitalist corporations. Of course they are similar.
- majewsky 8y ago
  Big corporations are basically communist empires in this regard. I think the reason why capitalism won over communism is that capitalism has a large number of centrally-planned enterprises where natural selection can take place internally and the failure of any single enterprise does not hurt (and even benefits) the others. In communism, however, there's only one big plan that's "too big to fail".
  - digi_owl 8y ago
    With the added irony that Marx envisioned the fall of capitalism to start with workers taking over control of the factories they worked in, not by some vanguard taking over government by force.
- deleted 8y ago
  [deleted]

beaconstudios 8y ago

perhaps the fads and trends that drive huge amounts of VC investment and disappear a year or two later? Currently it's blockchains and AI, but previous iterations have been IoT, social, local, chatbots, and so on. Often these technologies are hyped way beyond their actual practical applications.

mymythisisthis 8y ago

https://www.care2.com/causes/d-c-teacher-fired-all-because-of-a-typo.html https://www.care2.com/causes/d-c-teacher-fired-all-because-o...