Jerry
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Welcome! (start here)
Stuff
Things
Entities
Concepts
Beliefs
My Beliefs
Centralization Corrupts
Hayek (& Others) Were Panicked About Central Planning
Would AI-enabled communism work? (flawed)
Attachments
Would AI-enabled communism work? | Jordan Times
Parents
Daron Acemoğlu
Fully Automated Luxury Communism (2014 FALC)
Hayek (& Others) Were Panicked About Central Planning
Power and Progress: Our Thousand-Year Struggle over Technology and Prosperity (2023)
The Use of Knowledge in Society (1945 pamphlet as pdf)
Children
For decades, Hayek’s arguments provided the basis for rejecting all kinds of regulation. (including regs that actually create fair markets)
Price signals seamlessly convey data about market participants’ priorities and preferences. (oh, come on)
Ultimately, Hayek concludes, “We must solve it by some form of decentralisation,” namely, through the market economy and the price system. (premise doesn’t support conclusion)