> I'm not really sure I see the difference between capitalist planning and communist planning.
Other than the fact one of them scales incredibly, has been proven to work in practice, has a strong theoretical basis, and the other has none of those and is entirely different in every way...
...yeah, they're very similar?
> Don't corporations have growth targets and multi-year plans?
Many corporations are managed internally along non-market ways (ie, socialist, bureaucratic, etc.), yes.
We're looking at a higher level: The entire market for copper, the entire supply chain for pencils, or the economy as a whole. At that scale, growth targets and multi-year plans do not work, have never worked, and will probably never work.
> Don't corporations regularly do incredibly stupid, naive, uninformed, and self-destructive things that would be impossible if the kind of distributed intelligence claimed in this article was a reality?
Of course. But the market as a whole works around it. At a big picture level, we don't know how to make companies that never do bad things, but we can create a system where bad companies are (mostly) starved of funds and killed off, whole good companies are (mostly) rewarded and allowed to grow. A planned economy also doesn't know how to stop companies (or the equivalent economic unit) from doing bad things but also can't allocate resources from the bad companies to the good ones. It's strictly inferior.
Other than the fact one of them scales incredibly, has been proven to work in practice, has a strong theoretical basis, and the other has none of those and is entirely different in every way...
...yeah, they're very similar?
> Don't corporations have growth targets and multi-year plans?
Many corporations are managed internally along non-market ways (ie, socialist, bureaucratic, etc.), yes.
We're looking at a higher level: The entire market for copper, the entire supply chain for pencils, or the economy as a whole. At that scale, growth targets and multi-year plans do not work, have never worked, and will probably never work.
> Don't corporations regularly do incredibly stupid, naive, uninformed, and self-destructive things that would be impossible if the kind of distributed intelligence claimed in this article was a reality?
Of course. But the market as a whole works around it. At a big picture level, we don't know how to make companies that never do bad things, but we can create a system where bad companies are (mostly) starved of funds and killed off, whole good companies are (mostly) rewarded and allowed to grow. A planned economy also doesn't know how to stop companies (or the equivalent economic unit) from doing bad things but also can't allocate resources from the bad companies to the good ones. It's strictly inferior.