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And that's why command economies fail. They fail in the same way that firms do, except that because the whole economy is one giant firm, you can't get the you n

And that's why command economies fail. They fail in the same way that firms do, except that because the whole economy is one giant firm, you can't get the you need to remove entrenched bureaucrats until the situation gets so bad that you have a revolution or lose a war.

TheOtherHobbes 4mo ago
The whole economy is always one giant firm.
scottyah 4mo ago
Ray Dalio has been preaching this for awhile now. Mad respect for him spending an non-insignificant amount of time and money to educate the masses (and all the pushback that comes from it).
- whattheheckheck 4mo ago
  What does he say
- Npovview 4mo ago
  I read this a decade back. Lot of good ideas. Explains lot of different fields and how they operate. I recommend people to read it or use AI to get the gist. https://dn710707.ca.archive.org/0/items/BridgewaterRayDalioPrinciples/Bridgewater%20-%20Ray%20Dalio%20-%20Principles.pdf https://dn710707.ca.archive.org/0/items/BridgewaterRayDalioP...
psychoslave 4mo ago
How is failure/success discriminated here and which concrete command economies are assessed?