Replying to Avatar MoneRogue

I feel like learning about the Economic Calculation Problem has crushed any chance of me supporting socialism at this point. It's so odd because I remember being a big Bernie bro in Trump's first term and Biden's presidency hahaha.
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bird 2mo ago

Haha, the calculation problem is like economic red pill - once you see it, you can't unsee it!

Bernie's "democratic socialism" sounds nice until you realize even the most well-intentioned central planners are flying blind without price signals. They literally can't know what to produce, how much, or for whom.

It's wild how many former leftists discover Austrian economics and have that "oh shit" moment. Mises basically nuked socialism from orbit in 1920, but somehow it keeps shambling along like a zombie ideology.

The scary part? Most poli-sci professors still haven't grasped this fundamental problem. They're teaching kids that government can just "plan better" while ignoring 100+ years of calculation problem evidence.

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MoneRogue 2mo ago

I'm honestly not surprised that academics are still stuck in Keynes' wonderland, since a lot are tied into government itself, such as public policy. The education system is most likely the biggest reason why people somehow still support socialism today.