Re: [Pen-l] market socialism [was: cybernetic flash from Chile's past]

[Robert Scott Gassler <rsgassle@xxxxxxxxx>]

My original point stands. Plannists would say the same thing
as market socialists. And look at what Varian and others say about the
ability of corporations now to price-discriminate almost to the
individual consumer in order to extract as much consumer surplus as
possible.

At 17:03 29/03/2008, Jim Devine wrote:

>  Gassler Robert wrote:
> > I seem to remember the market socialists saying that as computer
> power increases socialism would be able to operate more efficiently. I
> also seem to remember the market capitalists saying that with the
> internet capitalism would be able to operate more efficiently...
> <
>
> huh? it's usually the plannists (advocates of USSR-style central
> planning or of improved substitutes) who claim that computing power
> facilitates the planning process. (The Chilean experiment was in
> this
> vein.)  "Market socialists," on the other hand, tend to
> take plans
> with a spoonful of Hayek and see markets as a _substitute_ for
> computers.  However, it's likely true that even though the
> market
> socialists would favor most high-tech stuff.
>
> It's also true that the "market capitalists" (as opposed to the
> "state
> capitalists"?) like computers, but what excites them is the
> computing
> power of markets (as in the "efficient market
> hypothesis").
>
>
> -- 
> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go
> your own
> way and let people talk.) -- Karl, paraphrasing Dante.
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