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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thats where i ended where i started was thinking about the socialist calculation debate
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specifically people who hope to use computers to make socialism a viable alternative to market economies face a problem not considered to the best of my knowledge
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it turns out that as computational power increases and makes socialism more feasible in absolute terms, that computational power is also harnessed by market economies to dramatically reduce frictions increase _their_ absolute desirability
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now this is a question of competing rates and my claim about the sign of the first derivative says nothing about magnitudes but i think it should make socialists less hopeful at least (it probably wont)
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Replying to @eigenrobot
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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