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Ah only a strong central government could redirect resources and restrict freedom of speech in such a manner. In theory this works, in practice it doesn't. Nob
by crimsonalucard 7y ago
Ah only a strong central government could redirect resources and restrict freedom of speech in such a manner.
In theory this works, in practice it doesn't. Nobody is quite sure about what the dichotomy is between the theory and actual results. Basically by allowing commercial interests to control the direction of capital you get useless areas of inn-efficiency like advertising. The weird thing is, these types of economies still thrive. However, when you restrict and redirect resources in a centrally controlled manner, the economies tend not to thrive.
Nobody really knows why. However there are hints as to why it works. Google, gmail, search, google docs, hangouts and google maps would not exist if it wasn't for advertising. Google and the services and technologies they provide to the world would not exist if they did not receive revenue from ads.
- anoncake 7y agoThat's why a strong central government is important. To make sure resources are allocated to useful purposes rather than garbage like advertising.
- crimsonalucard 7y agoBut then you wouldn't have services provided by companies like google.
- anoncake 7y agoIf they're useful, they will be provided by other companies and organizations instead.
- crimsonalucard 7y agofor a fee. The services google provides are widely used because they are free.
- anoncake 7y agoNo, they aren't. It's paid by advertisers, advertising makes products more expensive. Ultimately, you do pay. Advertising has no benefits.
- crimsonalucard 7y agoI pay regardless whether I use it or not. It's like a sales tax more efficiently allocated towards google services rather than military.
- anoncake 7y agoIf you aren't happy with what your government go into politics, don't just hand money and thus power to some random capitalist that doesn't even remotely try to work for the common good.
- UnFleshedOne 7y agoI heard a hypotheses that one reason planned economies failed was available computing power and communication speed at the time. To manually calculate how many screws each little shop will need takes an ever growing army of bureaucrats, is prone to mistakes and lags a lot. So lots of uneven distributions (anybody growing up in USSR will know what I mean), and lots of overhead. A modern networked infrastructure could mitigate that. A general AI could solve it (but that has its own drawbacks, great if you like your paper clips though). Markets in a sense create that distribution system organically, but they pay efficiency costs (comparing to a strictly optimal solution). One of those operational costs is advertising. Market has its own deficiency/glut profile too -- instead of whole city lacking butter and drowning in socks, we have individual people lacking everything evenly and others having abundance.
- crimsonalucard 7y agoGood comment. I agree but I feel even an AI can't deal with it. The system is chaotic so it's like predicting the weather. If we can solve the problem of predicting the weather to 99% accuracy with AI then we can do the same with the economy, if we can't then we can never manage the economy with AI.