Provided we learn from the past it will be better than last time and unlike market mechanisms which are able only to guarantee that a point of the pareto front

Provided we learn from the past it will be better than last time and unlike market mechanisms which are able only to guarantee that a point of the pareto front can reached under exploitation planned economies allows selection of where on the pareto front people want to land. This should happen democratically. - many actors in our economy run a small (or big) private cenrtrally-planned economy [1] - as all those centrally planned economies were in non democratic states it's not obvious if the flaw is central planning or being non-democratic. I find it reasonable that more democracy would help as east Germany which at least had a fake parties and regular elections did better than it's eastern comrades - computer are a lot faster and algorithms for mixed-integer linear programming (or similar modeling frameworks) have matured - databases or similar immutable storage technologies make corruption a lot harder - central planning in combination with free trade could remove inefficiencies in the current economic system inside the country [1] The People’s Republic of Walmart Note: I am not particularly convinced by the venus projects