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Centralization is an information problem. You can't make good centralized decisions if you don't have good information to base this on. China still has this pro
by InsideOutSanta 3mo ago
Centralization is an information problem. You can't make good centralized decisions if you don't have good information to base this on. China still has this problem; the data coming up the pipeline is often much more rosy than reality. But it has the problem to a much lesser degree than the USSR, because surveillance technology and data management are improving.
- energy123 3mo agoThis is called the Local Knowledge Problem. It's why centralization can't work and has never worked, at least not until we have some ASI they can overcome it.
- psd1 3mo agoI think you are directionally correct, but too strong. South Korea ran a protectionist command economy for decades with great success. Clearly it can work. China is now a superpower. Clearly it can work.
- corroclaro 3mo agoour ad-tech monopolist and burgeoining retail overlords control so much information on our behavioural patterns that they can probably see a crunch coming before anyone else, if they would really want to get in that game.
- deleted 3mo ago[deleted]