Capitalism seems to produce better outcomes for virtually everybody if we go by the past implementations of central planning (central planning being inseparable from socialism). Is there a book that makes a convincing argument as to why that doesn’t necessarily need to happen in spite of historical evidence? I’m most interested in a response to the calculation problem which cuts to the core of socialism’s traditionally inefficient organization of economy. How can a committee outperform a whole market that reacts to market incentives?
by rppohqixortwphu
1 Comment
You probably want to look at Parenti’s *Blackshirts and Reds* which among other things looks at how it was socialism and not capitalism that lifted an enormous country out of feudal serfdom in record time.