This is not a strawman. Im not constructing a false point to argue against while ignoring their claims. Im in fact discussing them directly.
Markets don’t need to predict the future as the market responds naturally more quickly than central planning can adjust for errors or unexpected aspects of the plan. one of the major points of failure for central planned economies is the lack of responsiveness. A centally planned economy would not avoid environmental catastrophe as the Soviets were responsible for several with profit motives.
Markets respond only to profit changes, and even then they are far from perfect. It’s simply an economist fiction that they are uniquely good at adaptation, one proof being the utter failure of markets to handle the global catastrophe climate change is going to cause.
This is not a strawman. Im not constructing a false point to argue against while ignoring their claims. Im in fact discussing them directly.
Markets don’t need to predict the future as the market responds naturally more quickly than central planning can adjust for errors or unexpected aspects of the plan. one of the major points of failure for central planned economies is the lack of responsiveness. A centally planned economy would not avoid environmental catastrophe as the Soviets were responsible for several with profit motives.
Markets respond only to profit changes, and even then they are far from perfect. It’s simply an economist fiction that they are uniquely good at adaptation, one proof being the utter failure of markets to handle the global catastrophe climate change is going to cause.