8Petros [humanity is teamwork]_ on Nostr: Toni Aittoniemi C Ⓐ T There are two issues with what you stated: 1. You did not ...
Toni Aittoniemi (npub14kq…u2jd) C Ⓐ T (npub1wup…gjnd) There are two issues with what you stated:
1. You did not specify the optimisation criteria.
2. You assume false dichotomy between the market and central planning.
Ad 1. The market as we know it is now driven by the function of maximum profit (for whom, it depends of the level, but eventually it is about maximising ownership rent). Thus, we may (and certainly do) experience conflicts of interests between various groups. "What is good for General Motors, is good for the USA" did not age well.
ad 2. Centralised pre-planning is ideed very well within "market economy". All major players (corporate and govermental) plan ahead and put quite an effort to shape reality according to their plans. The core of capitalism - financial markets - are funded on planning both in terms of acquisitions, fusions in real economy and regarding futures, options and other derivatives. Let alone simple act of lending money.
1. You did not specify the optimisation criteria.
2. You assume false dichotomy between the market and central planning.
Ad 1. The market as we know it is now driven by the function of maximum profit (for whom, it depends of the level, but eventually it is about maximising ownership rent). Thus, we may (and certainly do) experience conflicts of interests between various groups. "What is good for General Motors, is good for the USA" did not age well.
ad 2. Centralised pre-planning is ideed very well within "market economy". All major players (corporate and govermental) plan ahead and put quite an effort to shape reality according to their plans. The core of capitalism - financial markets - are funded on planning both in terms of acquisitions, fusions in real economy and regarding futures, options and other derivatives. Let alone simple act of lending money.