There are real economic consequences to panic though; people slow their buying, go out less, etc. That's how things go in a recession, once people get scared they might lose their job they stop spending and that leads to more job losses, etc.
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Replying to @atonal440 @BootlegGirl and
The problem with the economy is that it is based on *employing* people to make money for billionaires who see opportunities dry up because of random market stuff even though there is always lots of *work to do* regardless.
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Replying to @Tuplet @BootlegGirl and
Eh. This stuff is way bigger than a few billionaires, the decisionmaking is spread across tens of thousands of business owners. They are all encouraged to overproduce until that comes back to bite them though.
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Replying to @atonal440 @Tuplet and
"Overproduction" and "waste" is one of the less convincing arguments against market economies imo A fairly consistent failure state of planned economies is trying to predict exactly how much of something is needed, guessing wrong, and ending up with shortage and famine
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Replying to @arthur_affect @Tuplet and
Right, overproduction and market correction is preferable to actual deprivation every time.
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Replying to @afwaller @atonal440 and
There are people who are into communism because waste offends them on an aesthetic level and/or they think we need to go into serious austerity mode to save the environment and they tend to be the most annoying ones
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Replying to @arthur_affect @afwaller and
With modern computers, tracking systems, and manufacturing methods we might actually be able to produce exactly enough but I don't think we should be anxious about it. Is the worst case you delay/frustrate the production of something else by using up a resource?
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It's fairly debatable whether the problem of a planned economy actually is solvable just by having "modern computers" - the best computers can only be as good as the data you feed them, and giving them that data requires some pretty intrusive surveillance
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Replying to @arthur_affect @Tuplet and
I used to be kind of interested in participatory economics ("parecon") and one of the dudes into the concept said that with modern computers and an abundant economy planning could be "as simple as filling out a census-like ranked-choice survey of the products you need every year"
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And he gave an example of such a survey that was "only" a couple pages long, where you had to put a number beside various broad categories of consumer goods to vote whether the country as a whole needs more clothes next year than last year vs needing more baked goods etc
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Replying to @arthur_affect @Tuplet and
It was really revealing because it's just so obvious that nobody in the real world would ever fucking sign up to have to fill these out And if you forced everyone to do it their answers would be all fucked up and wrong
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