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EP 183 Forrest Landry Part 2: AI Risk

The Jim Rutt Show

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Why Socialism Didn't Work

The assumption was the means of production would be socially owned and that's not that big a leap. One of the reasons that communism didn't work in the 20th century was the Ludwig von Mises calculation problem. It turns out that it's just really, really hard to figure out the distribution, consumption,. production, savings and investment cycle in any kind of centralized way.

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