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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eigenrobot Retweeted Jacob Wilson
another very good point gg socialismhttps://twitter.com/jacobjwilson/status/1356437044738854912 …
eigenrobot added,
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If there are no humans, you no longer need socialism or capitalism...
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markets are bigger than humans!
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