Earlier quoted context omitted.
How ironic that you were downvoted. HN is full of left-populists these days and any slightly negative mention of socialism or central planning (their equivalent utopian vision) triggers them. I think this suggests it's more than just hubris, it's religion. These aren't just ideas, they are belief systems and identities for people. Hence why someone would downvote a benign internet comment like yours. The steady decli…
I would equate similar values to people who think socialism and central planning are somehow linked and share the same criticisms. Probably 90% of criticism I hear about socialism is complete and utter nonsense. Co-op businesses are socialist ideals in practice and co-ops have consistently gained market share over the last 80+ years, and it is neither linked to or shares any of the problems as central planning. Im al…
Marx simply had a flawed understanding of economics and it's time we moved on. We have the data supporting the decision to do so. Usually when a theory makes completely incorrect predictions repeatedly, we abandon it. But apparently marxists know better than everyone. Do they have some secret data set?