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This is the fundamental problem with technocracy: the technocrats cannot know everything about the current state, and they cannot predict everything about the f
by eadmund 5y ago
This is the fundamental problem with technocracy: the technocrats cannot know everything about the current state, and they cannot predict everything about the future state. It is very easy after the fact to critique their decisions ('hey, why didn't you just increase taxes on chemical fertilisers by 10% annually over the course of a decade?'), but it is in the general case impossible for central planners to make informed decisions. The problem space is just too large.
The only workable answer is for lots of distributed planners to make lots of real-time decisions based on pertinent information. Most of them will make bad decisions, but a few will make correct ones, and hence win.
- epistasis 5y agoI don't think this could be called technocratic, since the experts about the subject matter were not making the calls.
- natmaka 5y agos/technocracy/jacobinism/ , maybe(?) Centralization and a bureaucracy applying a decision upon a large territory is a good recipe for disaster if the decision is a bad one. Any "overnight flip to" anything is often a bad decision. Moreover the real cause is an economic crisis centered on a foreign exchange deficit: http://www.srilankaguardian.org/2021/07/sri-lanka-manufactured-crisis.html http://www.srilankaguardian.org/2021/07/sri-lanka-manufactur...