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Unfortunately, a transition to a more planned economy is going to be necessary, because individual actors working independently of the needs of others might be
by A12-B 6y ago
Unfortunately, a transition to a more planned economy is going to be necessary, because individual actors working independently of the needs of others might be a surprisingly good way to allocate resources, but it's not smart enough to be done sustainably.
- vidarh 6y agoIt doesn't need to be planned. The markets just need to be constrained and regulated. In some extents they can be expanded. E.g. you can force companies to buy and trade quotas for different types of externalities to cover undoing those externalities and let the markets sort out the most efficient way of addressing them. There is complexity there (you need to ensure there aren't any easily exploitable loopholes), but markets have lots of uses.