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> The "Free Market" does do a far better job of rapidly and semi-accurately allocating resources and labor than central planning. I'm really curious if the IoT
by edmundsauto 4y ago
> The "Free Market" does do a far better job of rapidly and semi-accurately allocating resources and labor than central planning.
I'm really curious if the IoT and AI age we're entering changes this. It doesn't seem like an immutable law of the universe - my guess is that people's self-interest and the challenges of scaling communication are the root cause. Objective analytics and AI systems to synthesize information might change the efficacy of central planning; also, the current free market implementation appears that it's being twisted as externalities become of larger focus (ie climate change)