📚 node [[markets for goods and services are compatible with socialism]]

Markets for goods and services are compatible with socialism

A : [[claim]]

The first sort [[[markets for goods and services]]] was compatible with [[feudalism]], and it can be compatible with [[socialism]]: with solid regulation, price discovery through market clearance is a useful tool in signaling demand and avoiding the shortages in goods and services that may result from clumsy, or capricious, [[central planning]].

[[Markets in the Next System]]

Because

  • [[price discovery]] through market clearance is a useful tool in signaling demand
  • price discovery through market clearance can avoid [[shortages]] in goods and services that may otherwise result from clusmy, or capricious, central planning

If

  • you have solid regulation

But

  • This is specifically for markets for goods and services. The other [[type of markets]] are not nearly so capable in the resource-allotment division.

Counterclaim

Epistemic status

Type : [[claim]]

Agreement level : [[Ask again later]]

The article seems good. I don't know enough about markets to make this claim solidly though.

📖 stoas
⥱ context