Calculation and Socialism | Joseph T. Salerno

Archived from the live Mises.tv broadcast, this lecture by Joe Salerno was presented at the 2011 Mises University in Auburn, Alabama. Includes an introduction by Mark Thornton.

Category:

News & Politics

Tags:

• Joseph
• T.
• Joe
• Salerno
• Calculation
• Socialism
• Ludwig
• von
• Mises
• Institute
• University
• 2011
• Austrian
• Economics
• Liberty
• Property
• Peace
• economy
• economic

[gergenheimer]

@mynameisalsojeff because "need" is not an objective, measurable trait. Everyone needs food, but what kinds and amounts cannot be objectively determined by a central planner. The same holds true for clothes, shelter, education, healthcare, etc. "Value" is not an objective trait either, but is based on individual, subjective preferences. A functioning price system organically conveys crucial information to both producers and consumers, allowing them to assess matters for themselves.

[machwon]

@xXhypn0tiiqXx Yes he can, and he did! However it would also make him an idiot for doing it.

[mikemat3307]

@kajmobile "i think all workers should..."

LOOK!

OVER THERE

Purple unicorns that fart rainbows and shit lollipops

[kajmobile]

@ngupowered the technology u mention wont be available in our lifetimes and is several centuries away. so i think it is pointless to talk about a future society where we no longer have to ration resources

i think all workers should go on strike until all biz is publicly owned and all income is allocated fairly (eg every1 earns $115k-$460k) and the week is reduced to 20 hours. raising the minimum wage to $115k for working part-time is something enough workers will want to strike for

[ngupowered]

@kajmobile property owners, realizes that man himself has become superfluousness will surely advocate a "mass reduction of people".Therefore, the notion of private property is a root cause because there is no upper bound.

Indeed, efficiency dictates that money will have to be replaced because its mere existence is inefficient, wasting resources, all in favor of an RBE.

[ngupowered]

@kajmobile I like ur reasoning, throughout the comment section, about labor time, but only as an intermediary to the adoption of an RBE-economy which, undoubtedly, is what technology progresses towards. What happens if technology becomes so efficient, that one mere man can produce a robot that in turn, with artificial intelligence, can replicate and outsmart any human in any field. That will surely be the end of all form of capitalism and once those that are left, the "private" ...

[xXhypn0tiiqXx]

@MamonMuch

Why is he stupid? How is he stupid? You can't call someone a "complete dumbass" without any reasons why.

[MamonMuch]

Haha This guy is a complete dumbass!! I can't believe there are people as stupid as this guy. And im not even a socialist. lol

[Garegin]

@mynameisalsojeff did you listen to the video. there are no price signals to calculate. its like stabbing in a dark. needs are not ends in themselves. a single end has an infinite amount of means.