vinney on Nostr: I did it: I'll provide academic counterarguments that socialists have historically ...
I did it:
I'll provide academic counterarguments that socialists have historically made to each of these critiques:
1. Against Mises's Calculation Problem:
Lange-Lerner model argues that socialist economies can simulate market mechanisms using computers and iterative price adjustments. Modern socialists also point to large corporations successfully planning internal resource allocation without market prices, and suggest similar methods could work at scale with modern computing power.
2. Against Hayek's Knowledge Problem:
Modern information technology and big data analytics can aggregate and process decentralized information more effectively than 1940s-era planning. Companies like Amazon and Walmart already demonstrate successful large-scale planning using algorithmic coordination.
3. Against Rothbard's Ownership Problem:
Common ownership can create collective responsibility through democratic workplace control. Cooperatives and worker-owned enterprises demonstrate that collective ownership can lead to better resource stewardship than private ownership, as workers have direct stakes in long-term sustainability.
4. Against Hoppe's Argumentation Ethics:
This conflates personal autonomy with private property rights. One can believe in self-ownership while rejecting absolute property rights, similar to how democratic societies limit property rights without violating personal autonomy.
5. Against Bastiat's Seen/Unseen:
This critique applies equally to capitalism's hidden costs (environmental degradation, social alienation, inequality). Socialist planning can better account for externalities and long-term consequences than profit-driven markets.
6. Against Saifedean's Time Preference:
Many socialist societies demonstrated high savings rates and long-term investment (USSR's industrialization, China's infrastructure development). Public ownership can potentially take an even longer view than private capital constrained by quarterly profits.
7. Against Menger's Subjective Value:
Modern market socialism proposes using market mechanisms for consumer goods while maintaining social ownership of production means. This preserves price signals for subjective preferences while preventing capital exploitation.
8. Against Böhm-Bawerk's Capital Theory:
Socialist planning can incorporate time structure of production through mathematical modeling and modern computing. Success of state development banks and public investment in many countries shows effective capital allocation is possible without pure market mechanisms.
These are theoretical academic counterarguments that socialists have made - their practical effectiveness remains debated.
I'll provide academic counterarguments that socialists have historically made to each of these critiques:
1. Against Mises's Calculation Problem:
Lange-Lerner model argues that socialist economies can simulate market mechanisms using computers and iterative price adjustments. Modern socialists also point to large corporations successfully planning internal resource allocation without market prices, and suggest similar methods could work at scale with modern computing power.
2. Against Hayek's Knowledge Problem:
Modern information technology and big data analytics can aggregate and process decentralized information more effectively than 1940s-era planning. Companies like Amazon and Walmart already demonstrate successful large-scale planning using algorithmic coordination.
3. Against Rothbard's Ownership Problem:
Common ownership can create collective responsibility through democratic workplace control. Cooperatives and worker-owned enterprises demonstrate that collective ownership can lead to better resource stewardship than private ownership, as workers have direct stakes in long-term sustainability.
4. Against Hoppe's Argumentation Ethics:
This conflates personal autonomy with private property rights. One can believe in self-ownership while rejecting absolute property rights, similar to how democratic societies limit property rights without violating personal autonomy.
5. Against Bastiat's Seen/Unseen:
This critique applies equally to capitalism's hidden costs (environmental degradation, social alienation, inequality). Socialist planning can better account for externalities and long-term consequences than profit-driven markets.
6. Against Saifedean's Time Preference:
Many socialist societies demonstrated high savings rates and long-term investment (USSR's industrialization, China's infrastructure development). Public ownership can potentially take an even longer view than private capital constrained by quarterly profits.
7. Against Menger's Subjective Value:
Modern market socialism proposes using market mechanisms for consumer goods while maintaining social ownership of production means. This preserves price signals for subjective preferences while preventing capital exploitation.
8. Against Böhm-Bawerk's Capital Theory:
Socialist planning can incorporate time structure of production through mathematical modeling and modern computing. Success of state development banks and public investment in many countries shows effective capital allocation is possible without pure market mechanisms.
These are theoretical academic counterarguments that socialists have made - their practical effectiveness remains debated.