clarke's third fundamental theorem of welfare economics states that any sufficiently advanced socialist economy is indistinguishable from a market economy
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another very good point gg socialismhttps://twitter.com/jacobjwilson/status/1356437044738854912 …
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there's a similar problem with tech that helps localists, but it's not as much of a problem if you use non-economic incentives. problem with socialism wasn't that it didn't max market smoothness it was that it failed to provide basic services
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minmaxing against friction has plenty of its own issues
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IIRC it would take about 200 years of uninterrupted Moore's Law for computational socialism to overcome the half of the SCP. But they still wouldn't have a solution to the information aggregation problem.
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Not even that much time would do it. They'd need a time machine. We don't know what we want in the future all that well, especially around unknown unknowns, so the hairy aggregation problem's solution can't collect it.
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Socialists have mostly given up on the calculation problem and mostly just try to tear down market economies' reputation for efficiency these days.
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lol ofc
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Devil’s advocate: that comp power would still give ‘em the leg up bc diminishing marginal utility. Actual Socialism rn starves everybody, but if it could make p01 and p50 lives comfortable even with lower mean, it could max utility vs capitalism
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i believe in feeding the utility monster
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The best way for a planned economy to leverage comp. power would be to use a coordination algorithm that models resource allocation decisions as auctions between agents, considering the abilities & needs of every person...
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... Obviously, to increase accuracy each person should be able to modify the utility function of its agent. And since enemies of the people might sabotage this centralized computation, they should fall back to an equivalent analog computation that ....
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