#Hayek vs the machines. This debate will become more intense.

"Despite all the promise of AI, I prefer to accept market prices rather than prices from algorithms."

#AI #calculationdebate

https://on.ft.com/3OvM4gX

Why the wisdom of the market crowd beats AI

The collective judgment of investors provides the most accurate representation of the pricing of stocks and bonds

Financial Times

#Neoliberals claim free #markets work while silently using authoritarian planning behind closed company doors.

Authoritarian #communists claim centralized #planning works while ignoring research showing that decentralized systems have advantages.

#Anarchists claim #decentralized anti-authoritarian planning is possible and preferable.

#CalculationDebate

S02E15 - Jakob Heyer zu Grundproblemen einer postkapitalistischen Produktionsweise (Teil 2)

Wenn Kritik der bestehenden Verhältnisse alleine nicht hinreichend ist, dann braucht es zwingend eine Auseinandersetzung mit den Grundproblemen einer postkapitalistischen Produktionsweise.   Shownotes Heyer, J. 2021. "Demokratie und Planung", in: analyse u...