Order Without Organizations with Aneesh Karve (WiM141)
The "What is Money?" Show
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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.
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