@king.frenchy: “B-but competition breeds innovation!!!” True! But when profit is the primary motive, the ‘innovation’ revolves around increasing profitability which is possible without paradigm shifting technological innovation. Primarily by manipulation of labor costs to maximize surplus-value extracted per hour of labor power paid for. #fy

Frenchy
Frenchy
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Monday 27 January 2025 18:11:11 GMT
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aspartame47
🙂‍↕️ :
Google "internal calculation problem ussr". Centralized planning would NOT optimize productivity and information transfer.
2025-01-28 00:53:21
0
sinnercinna
sinnercinna :
lange model (artificial market, converging on marginal cost)+co-ops+state allocation of capital goods and resources+linprog is much preferred to planning in kind or capitalism
2025-01-28 20:35:03
0
ieguras
the real andromeda galaxy :
capitalism doesn't even sound good in theory 😭😭🙏
2025-01-27 20:45:03
1016
sweaty_balls_
Ronan Faughnan :
hmm yes, because central planning has historically been so efficient at optimising industry
2025-01-27 20:10:05
35
jaredbosch0
Jared Bosch :
capitalism in its essence could be described as an explicit lack of central planning in an economy couldn't it?
2025-01-28 02:06:17
0
leadednevada
Lead :
How do we determine the value of anything if it’s all centralized
2025-01-27 19:06:43
1
user226229012
user226229012 :
Well then why has a centralized economy never work then lol
2025-01-28 21:23:49
0
carelessmorning
excellentweakling :
My favorite one that they say is “China is actually EVEN MORE CAPITALIST THAN AMERICA!” Get me out of this country 😭😭
2025-01-30 05:07:36
0
geodth
Geod :
It’s like natural selection. Private entities with a bad plan fail, while entities with a good plan thrive. In a planned economy, there’s only one plan, and it’s usually bad.
2025-01-28 03:00:13
1
yofavorite_dude
Yofavorite_dude :
And the greatest one will dominate, so long as socialists and liberals and magas don’t try to ruin free trade (they already have 😔)
2025-01-27 21:46:30
0
dkbikbok
D :
I hate capitalism but planned economies are NOT it bruh😭
2025-01-28 06:28:21
0
wiingking431
user7061633540332 :
3 and a half years in econ and I’ve yet to get a valid answer as to why the third world is poor
2025-01-27 23:30:25
0
metalalbumeveryday
metalalbumeveryday :
I still remember when there was a debate over private railways, lul 💀
2025-01-27 18:18:32
303
user7335251820753
kannanv :
We basically live in an oligarchy with each sector being dominated by very few holding corporations who scheme together anyways why not just centrally plan it
2025-01-27 18:47:46
62
citrus
citrus :
hello friend, i consider myself someone’s who’s views line up with marxism, but im majoring in finance? will i suffer eternal punishment
2025-01-28 06:01:32
0
avent5712
avent57 :
When you forget private entities are governed by the market therefore its governing force is the consumer, which by definition is decentralized.
2025-01-28 03:42:22
0
thomas12448
__ :
Ya because fema has been so productive
2025-01-28 18:48:47
0
pepengl
🧪 :
yes specific sectors should be centrally planned (healthcare, airlines, etc) the problem is when an entire economy is centrally planed leading to authoritarianism
2025-01-27 21:57:30
0
atlas_hugged
atlashugged :
according to this logic monopolies are good
2025-01-28 19:55:21
2
jfufj607
jfufj607 :
Because it's the inefficiencies that can be exploited for profit.
2025-01-27 19:41:22
86
danzyl666
DanZNolesFan :
curiously finance is the only sector capitalists have no problem with central planning. one wonders why
2025-01-27 20:36:09
34
rooftrampoline69
rooftrampoline69 :
called based department and you picked up
2025-01-27 19:36:13
52
user2747174828
user1434995647179 :
The difference is that the private sector is still trading factors of production. Where as a single individual owning everything does not, so ‘central planning’ here is not equivalent. Also, prices
2025-01-28 11:53:26
0
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