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InsideOutSanta 7 hours ago

Centralization is an information problem. You can't make good centralized decisions if you don't have good information to base this on. China still has this problem; the data coming up the pipeline is often much more rosy than reality. But it has the problem to a much lesser degree than the USSR, because surveillance technology and data management are improving.

energy123 7 hours ago | parent | next [-]

This is called the Local Knowledge Problem. It's why centralization can't work and has never worked, at least not until we have some ASI they can overcome it.

psd1 6 hours ago | parent | next [-]

I think you are directionally correct, but too strong. South Korea ran a protectionist command economy for decades with great success. Clearly it can work. China is now a superpower. Clearly it can work.

corroclaro 5 hours ago | parent | prev [-]

our ad-tech monopolist and burgeoining retail overlords control so much information on our behavioural patterns that they can probably see a crunch coming before anyone else, if they would really want to get in that game.

6 hours ago | parent | prev [-]
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