#centralplanning — Public Fediverse posts

Surely none of our innumerable and overlapping bureaus will compete for limited resources from the central government!

https://piefed.social/c/historymemes/p/1910274/surely-none-of-our-innumerable-and-overlapping-bureaus-will-compete-for-limited-resourc

Surely none of our innumerable and overlapping bureaus will compete for limited resources from the central government!

https://piefed.social/c/tankiejerk/p/1910272/surely-none-of-our-innumerable-and-overlapping-bureaus-will-compete-for-limited-resourc

The Economic Institutions of Artificial Intelligence
https://dx.doi.org/10.2139/ssrn.4456471
"#AI can help overcome the #BoundedRationality problem by processing large amounts of data, finding patterns and insights, and making predictions and recommendations. This insight raises the question: can AI overcome planning problems – could it be that #CentralPlanning is now a viable option?" — No.

#economics #InformationProblem #Hayek

While some argue that #AI can improve #CentralPlanning, the concentration of power in the hands of a central authority is a concern. AI's development is led by big corporations that centralize information, posing a threat to decentralized use. Embracing #regulation in the age of AI may be necessary to ensure #decentralization. As centralization, even in benign forms, brings economic and political costs.
https://www.project-syndicate.org/commentary/ai-central-planning-versus-decentralization-by-daron-acemoglu-2023-06
#hayek #information #marketEconomy #economics

"We had people like this back in Poland, except instead of venture capitalists we called them central planners. They too were in charge of allocating vast amounts of money that didn't belong to them.

They too honestly believed they were changing the world, and offered the same kinds of excuses about why our day-to-day life bore no relation to the shiny, beautiful world that was supposed to lie just around the corner."

#MaciejCegłowski, 2015

https://idlewords.com/talks/what_happens_next_will_amaze_you.htm

#CentralPlanning #VC

Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees - This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary... - https://news.bitcoin.com/tech-industry-leaders-call-for-ai-labs-to-pause-development-for-safety-coinbase-ceo-disagrees/ #artificialintelligence #politicaldisruptions #economicdisruptions #out-of-controlrace #powerfulaisystems #self-preservation #centralplanning #manageablerisks #positiveeffects #controversy

Here, todays offering involves a real blast from the past:#CentralPlanning #USSR

#Russia #UkraineWar https://nadinbrzezinski.medium.com/the-return-of-central-planning-be4d94a4ccc2

We should set to bed forever the idea that capitalism is efficient and isn’t centrally planned as we watch Mark Zuckerberg waste $36 billion on Meta, costing his company nearly a trillion dollars in valuation, and no one can stop him from wasting another $36 billion.

#capitalism #anticapitalism #capitalistrealism #centralplanning

We're suddenly realising the irony of a self-declared libertarian trying to do central planning with a single funnel for everyone, as opposed to a nice, decentralised, 'everyone can find their own voice' kind of place here on #mastodon #libertarian #centralplanning #nopileons #noquaotetweets