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“This time will be different!” announce the proponents. Watch now, class, as the economic calculation problem works out as predicted in yet another instance. h
by gbacon 1y ago
“This time will be different!” announce the proponents. Watch now, class, as the economic calculation problem works out as predicted in yet another instance.
https://en.wikipedia.org/wiki/Economic_calculation_problem https://en.wikipedia.org/wiki/Economic_calculation_problem
- oblio 1y ago1. What's the market economy solution for this? 2. What if not everything in life is about the economy?
- dionian 1y agoNot everything is about the economy, but someone's gotta pay for it.
- oblio 1y agoWell, for the next century we'll keep pretending kids don't matter. We've done it for the past 50 years, already. Let's see how far that gets us as a species.
- dionian 1y agoI don't think we've necessarily "pretended kids dont matter" for 50 years. But I think we would both agree that we can always do much better!
- mothballed 1y agoThe majority of New Mexico is either not employed or only barely employed enough to count towards employment participation. The states employment participation rate is like 58%. Without making any judgement on whether the economic calculation is "efficient" or not, it's not really something the majority of voters have to worry about as it's essentially entirely OPM to get the votes to get there.
- Groxx 1y agomarkets have criticism too. this is why we have nothing, neither roads nor businesses, and are currently hallucinating this conversation while scratching at the ground with sticks. do we really need to point to how badly private healthcare has been working?
- pitaj 1y agoPrivate healthcare is barely a market at all - heavily distorted due to government policy.
- deleted 1y ago[deleted]