ChukoTheWarlike wrote:
No socialist system has been able to overcome the calculation problem.
In the case of Latin American socialism, US intervention has kept it on life support; it has provided socialist and nationalist leaders a convenient scapegoat for why their economic policies have been a dismal failure. They can blame their problems (albeit with some justification) on "capitalist USA" meddling in their affairs. If the US had never set foot in Latin America, socialism would have been wholly discredited. But because the US is "capitalist" (hahahaha if you think Bush was a free marketeer you weren't really paying attention), people flock to "socialism".
Right on both counts.
I modern commercial industrial economy is so complicated that it is beyond the ability of any one or a few to regulate centrally. There is no computer model that can ground that regulation and their probably never will be. The Market Economy is Free Will writ Large and beyond the control of any machine or algorithmic scheme.
ruveyn
25 May 2009, 3:40 pm
