Yes, a Planned Economy Can Actually WorkNo, Walmart Is Not Evidence That Centrally-Planned Economies Work

Sharing this because it is one of the most important discussions around, and systems thinking needs to have a lot to say about economics (the intelligent free-market thinkers talk about markets as the bottom-up emergence of order) and organisational co-ordination (the Theory of the Firm demonstrates, I think, that the challenges of both internal and external co-ordination are about different responses to the same fundamental dynamics)

 

Mega-companies like Amazon and Walmart are already using large-scale central planning. We can wield that tool for good. Socialists need to renew our embrace of democratic planning and fight for a real alternative to capitalism.

Source: Yes, a Planned Economy Can Actually Work

 

It’s difficult to see how evidence of market failures or corporate success stories translates into the conclusion that a completely planned, socialist, non-profit economy is optimal.

Source: No, Walmart Is Not Evidence That Centrally-Planned Economies Work | Cato Institute