4 ms·

I guess the world you want your son to live in is one of planned economies and great leaps forward. I for one do not. I would rather that innovation and competi

I guess the world you want your son to live in is one of planned economies and great leaps forward. I for one do not. I would rather that innovation and competitive forces lead into the future of societies. As Stalin used to say: no people no problem.

II2II 4y ago
The options are not as pure as you make it sound. There is a considerable amount of planning in the free market economies. This ranges from developing transportation networks to deciding upon funding for scientific research. Businesses that control a disproportionate amount of the market also make planning decisions to shape the market. When they make the wrong decisions, there are negative consequences. Arguably, that is what we are seeing at the moment with the supply chain problems. The question is how do you ensure that no single actor gains too much control over a segment of the economy? In many cases, the fallback is central planning. For example: one of the greatest reasons for public highway networks was to diminish the role of railway barons. In other words, centrally planned infrastructure supported a less centralized economy.
bluetomcat 4y ago
It’s not a planned central economy. It is self-reliant local communities within regional bounds, like a fault-tolerant distributed system. They would trade primarily with adjacent regions stuff that they don’t or can’t produce locally. Knowledge, information and education should flow freely everywhere, enabling peace. People should feel comfortable living in their birthplace and should have no motivation for economic migration.
- michaelmrose 4y ago
  How do you produce airplanes and silicon chips exactly?
  - imtringued 4y ago
    Why do you need an airplane in a local community? Also, silicon chips aren't exactly the type of thing that you constantly need to buy every single day nor are they expensive to ship. Using the same phone or laptop for years instead of buying a new one every single year is highly viable.
    - michaelmrose 4y ago
      Your present local community relies on massive quantities of silicon chips and other specialized goods that are ultimately brought in by planes trains and automobiles which themselves depend on specialized goods.

II2II 4y ago

The options are not as pure as you make it sound. There is a considerable amount of planning in the free market economies. This ranges from developing transportation networks to deciding upon funding for scientific research. Businesses that control a disproportionate amount of the market also make planning decisions to shape the market. When they make the wrong decisions, there are negative consequences. Arguably, that is what we are seeing at the moment with the supply chain problems. The question is how do you ensure that no single actor gains too much control over a segment of the economy? In many cases, the fallback is central planning. For example: one of the greatest reasons for public highway networks was to diminish the role of railway barons. In other words, centrally planned infrastructure supported a less centralized economy.

bluetomcat 4y ago

It’s not a planned central economy. It is self-reliant local communities within regional bounds, like a fault-tolerant distributed system. They would trade primarily with adjacent regions stuff that they don’t or can’t produce locally. Knowledge, information and education should flow freely everywhere, enabling peace. People should feel comfortable living in their birthplace and should have no motivation for economic migration.

michaelmrose 4y ago
How do you produce airplanes and silicon chips exactly?
- imtringued 4y ago
  Why do you need an airplane in a local community? Also, silicon chips aren't exactly the type of thing that you constantly need to buy every single day nor are they expensive to ship. Using the same phone or laptop for years instead of buying a new one every single year is highly viable.
  - michaelmrose 4y ago
    Your present local community relies on massive quantities of silicon chips and other specialized goods that are ultimately brought in by planes trains and automobiles which themselves depend on specialized goods.