Markets for goods and services are compatible with socialism

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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

1. 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

2. If

  • you have solid regulation

3. 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.

4. 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.

5. Elsewhere

5.1. In my garden

Notes that link to this note (AKA backlinks).

5.3. Mentions

This page last updated: 2022-06-02 Thu 10:33. Map. Recent changes. Source. Peer Production License.