AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Order Without Organizations with Aneesh Karve (WiM141)
The "What is Money?" Show
The Fatal Conceit of Socialist Economies
In the absence of a market socialist managers have no means to convert their subjective preferences into objective and actionable plans. So we can now rephrase the fatal conceit in computational terms. The fatal conceit of socialist is the mistaken belief that algorithmic pro procedures can satisfy the material needs of mankind. And then it's formula to human action, right to the economy, like it's, it must be self organized, I guess, is maybe the way to put it.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode