Forwarded from DoomPosting
A YouTuber who risked his life to give the North Sentinel Island tribe Diet Coke has escaped a prison sentence
Mykhailo Viktorovych Polyakov received only a fine and has since shared footage of his visit despite being ordered to surrender it
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Mykhailo Viktorovych Polyakov received only a fine and has since shared footage of his visit despite being ordered to surrender it
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Forwarded from DoomPosting
One unexpected benefit of AI automation may be that it encourages us to seek security in hierarchy once again, in line with the human experience for 99.99% of the last 200,000 years
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Forwarded from DoomPosting
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Cleveland life hack to get cheap property!
-> Shoot the realtors that show up at the house you plan to buy.
This will guarantee a cheap bargain price.
Yeah… Cleveland is screwed
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
-> Shoot the realtors that show up at the house you plan to buy.
This will guarantee a cheap bargain price.
Yeah… Cleveland is screwed
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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Forwarded from DoomPosting
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As a young socialist, Hayek read Ludwig von Mises’ 1920 paper “Economic Calculation in the Socialist Commonwealth.”
Mises showed that socialist central planning isn’t merely inefficient, it’s impossible.
Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs.
Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point.
While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide.
Without external free-market price signals, pure socialism would be economically blind and coordination would collapse.
Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable.
Each intervention creates problems that invite more interventions, eventually leading to full socialization.
Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned.
The lesson is clear.
Rational economics requires genuine market prices emerging from voluntary exchange and private property.
Half-measures don’t stabilize the system. They accelerate the drift into central planning.
The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Mises showed that socialist central planning isn’t merely inefficient, it’s impossible.
Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs.
Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point.
While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide.
Without external free-market price signals, pure socialism would be economically blind and coordination would collapse.
Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable.
Each intervention creates problems that invite more interventions, eventually leading to full socialization.
Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned.
The lesson is clear.
Rational economics requires genuine market prices emerging from voluntary exchange and private property.
Half-measures don’t stabilize the system. They accelerate the drift into central planning.
The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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