Article 3RXBZ Does the Rise of Big Data Make Marx’s Centrally Planned Utopia Feasible?

Does the Rise of Big Data Make Marx’s Centrally Planned Utopia Feasible?

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We have central planning today in nations like North Korea and Venezuela. So why doesn't it work, given that they have access to virtually all the supercomputers and big data that modern socialists have? The answer lies in the fact that the fundamental problem with socialism isn't informational, it's institutional.

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