• UnderpantsWeevil@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    1
    ·
    6 months ago

    Large professional centrally planned economies do a better job of managing scarce resources than a pack of ill-informed and uncoordinated Wall Street Lemmings.

    • WildPalmTree@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      6 months ago

      Sometimes. And when they dont, there is no one to stop them. It’s the age old problem of a wise despot. Just dressed in different clothes.

      • UnderpantsWeevil@lemmy.world
        link
        fedilink
        arrow-up
        3
        arrow-down
        2
        ·
        6 months ago

        It’s the age old problem of a wise despot.

        When you’re governing wisely, there is no need to be despotic. Conflicts and contradictions necessitate a large militant police state to keep the lower class in line. But when you’ve got generous surpluses and a rising quality of life, people are generally happy and easy to govern.

        • WildPalmTree@lemmy.world
          link
          fedilink
          arrow-up
          2
          ·
          6 months ago

          Despot means you have absolute power. It doesn’t mean you use it badly. It just means you have the potential to.

          • UnderpantsWeevil@lemmy.world
            link
            fedilink
            arrow-up
            1
            arrow-down
            1
            ·
            6 months ago

            Despot means you have absolute power.

            Traditionally in a cruel or oppressive manner.

            The wise leader doesn’t need to inflict cruelty, because they have the public’s trust.