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It has been known since the 1920s that capitalism isn't perfectly efficient. The competition has always been between an imperfect market directed by distribute
by s1artibartfast 2y ago
It has been known since the 1920s that capitalism isn't perfectly efficient.
The competition has always been between an imperfect market directed by distributed human compute vs a planner directed by politicians directed by human computed.
It is an argument about signal bandwidth, compression, and noise.