Project Cybersyn showed how this would be solved 50 years ago.
The EC problem is about rational actors that just endless consume things according to shit like supply and demand when in reality you could make food free and it doesn’t mean a single person, let alone an entire society will start shoving entire food trucks into their garage just in case they’ll need 1 ton of potatoes this week. People only tend to consume what they need, once scarcity is not an issue nobody is going to hoard enough to make a large scale difference. Human demand is in fact very simple, people will not demand 1 billion different brands of tomato sauce, specialy if they could make their own etc… There is so many things that prove the EC is just nonsense.
The even bigger problem is even how much is wasted and thrown away under capitalism. They justify not making things free because people might hoard yet the entire economic system is about literaly throwing food away or letting it rot to maintain price.
That and combined with advertising which manipulates human psychology to consume stuff that is clearly not economically beneficial to anyone.
Among other issues the problem with the USSR was they did not achieve this level of complete abundance though in any case the EC is just ideologically bankrupt shit, how they can argue the African poverty doesn’t disprove the free market efficiency but random shortages in socialist countries disproves Marxism.
let alone an entire society will start shoving entire food trucks into their garage
This can be a problem in specific conditions. For example in 1980 Poland suffered mass strikes (of course funded and helped by CIA via the church) which caused shortages in economy not based on overproduction. Prices were low so people started hoarding necessities which further increased the shortages.
Project Cybersyn showed how this would be solved 50 years ago.
The EC problem is about rational actors that just endless consume things according to shit like supply and demand when in reality you could make food free and it doesn’t mean a single person, let alone an entire society will start shoving entire food trucks into their garage just in case they’ll need 1 ton of potatoes this week. People only tend to consume what they need, once scarcity is not an issue nobody is going to hoard enough to make a large scale difference. Human demand is in fact very simple, people will not demand 1 billion different brands of tomato sauce, specialy if they could make their own etc… There is so many things that prove the EC is just nonsense.
The even bigger problem is even how much is wasted and thrown away under capitalism. They justify not making things free because people might hoard yet the entire economic system is about literaly throwing food away or letting it rot to maintain price.
That and combined with advertising which manipulates human psychology to consume stuff that is clearly not economically beneficial to anyone.
Among other issues the problem with the USSR was they did not achieve this level of complete abundance though in any case the EC is just ideologically bankrupt shit, how they can argue the African poverty doesn’t disprove the free market efficiency but random shortages in socialist countries disproves Marxism.
Reminds me of the joke:
In Soviet Russia they have bread lines for their free daily bread. They have these in America, too, they just have to pay for the free daily bread.
This can be a problem in specific conditions. For example in 1980 Poland suffered mass strikes (of course funded and helped by CIA via the church) which caused shortages in economy not based on overproduction. Prices were low so people started hoarding necessities which further increased the shortages.