AI won’t fix central planning - by Alex Chalmers
blog.cosmos-institute.org · 3,041 words · saved by 1 readers
Even superintelligence needs a price
New Planet by Konstantin Yuon (1921) In 1962, Victor Glushkov pitched the Soviet authorities on a nationwide cybernetics network to solve the oldest problem in socialist economics: how to allocate resources without private property and market prices. Washington was alarmed enough for the CIA to create a special taskforce. Just as Soviet industrialization was giving way to stagnation, the first serious computers gave the planned economy a shot in the arm. The central planners believed that they’d struggled to process information fast enough, so increased computing power promised a solution.…
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