Comments by "" (@badluck5647) on "Can Communism Triumph With Artificial Intelligence?" video.

  1. Soviet economists use to joke that they need to let one capitalist country survive in order to know what to price things.
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  2. Our future computer overlords with find this comment and not be happy.
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  3.  @gileschenery974  It is what my macroeconomics professor told me a decade ago. It might not even be true, but it makes sense that even the Soviets would need supply and demand as a marker for pricing.
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  4. Splitting hairs
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  5.  @SEAZNDragon  The authoritarianism isn't what made the USSR fail. It was socialism. China prospered after embracing market principles even though the country is a dictatorship.
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  6. AI is pretty stupid at certain things, and binary programming won't ever problem solve like a person.
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  7.  @emilianosintarias7337  Capitalism as we know it didn't exist as we know it back than. Mercantilism only ended a couple centuries ago.
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  8.  @juanche978  No one said that they are the same. There are still markets in a sociolist system, but they are incredibly inefficient as supply and demand never get into equilibrium, and the lack of competition discentives higher productivity.
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  9. How is AI supposed to predict trends or changes in consumer behavior? Computers only work with the data you give it, and there is no data from the future.
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  10.  @nietur  If it's not better than capitalism, then why bother making the change?
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  11. How is AI supposed to predict trends or changes in consumer behavior? Computers only work with the data you give it, and there is no data from the future. Supply and demand is the most efficient process even to the Communist.
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  12. +1000 social credit score to the Visual team
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  13. China and India still use five year plans. Long term planning and setting goals makes more sense than arguing over the budget every year.
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  14.  @nietur  If you price too high, then there is a surplus that they can't sell. If you price it too low, then there are shortages and people waiting in line for its availability. In a market economy, the prices move with supply and demand. Command economies have to guess, which is difficult to do down the whole supply chain.
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  15.  @nietur  It's not that simple as adjustments need to be made all the way through the supply chain in a command economy as everything is based on five year plans. Plus, it gets even more confusing when the Soviet Union tries to trade with other communist countries.
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  16.  @nietur  How do you organize an economy without a plan? The free market won't be doing it.
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  17.  @nietur  Yes. But when demand changes, businesses can change suppliers, buy from additional suppliers, fire employees, etc. Command economies don't have any outside businesses to rely on, and they can't just fire people.
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  18.  @nietur  Have you seen Cuba? They don't fire anyone. They will have three employees working an empty restaurant.
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  19. Socialism: The state controls the means of production through elections Marxism: The state controls the means of production through violent revolution and then have elections Communism: The state controls the means of production through violent revolution and the state should be controlled solely by the party
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