"Planning is inefficient compared to having 90% of economic decision making power devoted to not allocating resources but speculating on what might happen to that allocation in the future, and then tying a bunch of unrelated speculations together, abstracting it three levels, and pretending it's "risk managed"."
Talking to Econ phds was always so infuriating because I’m like wtf is this research project but also getting a cushy tenure track faculty position for them is their backup.
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In a capitalist system, absolutely. They just look to manufacture consent over some bullshit.
"Planning is inefficient compared to having 90% of economic decision making power devoted to not allocating resources but speculating on what might happen to that allocation in the future, and then tying a bunch of unrelated speculations together, abstracting it three levels, and pretending it's "risk managed"."
Talking to Econ phds was always so infuriating because I’m like wtf is this research project but also getting a cushy tenure track faculty position for them is their backup.