Contrary to what we read throughout chapter 1, what would happen, if in the not too long term, the order in the markets could be attributed to a central planner?
Many economists are convinced that the centrally planned economy is obsolete. Many argue that the planned economy doesn’t work and, in the last two decades of the twentieth century, almost all planned economies moved towards the market economy.
However, with the development of new technologies, big data and artificial intelligence, some people begin to believe that this idea is not so absurd.
I share with you these articles by John Thornhill from the Financial Times, in which several points are discussed of “Will “Big Data” Make a Centrally Planned Economy Possible?”. Continuing on the same line in the other article, a little more recent, the author talks about “The utopia project: can Silicon Valley fix the future?”