5.0

A great overview on how the economic planning of corporate giants like Walmart and Amazon could be the base of a democratic, socialist, planned economy. Phillips and Rozworski argue that with modern (or near future) computational power and telecommunications networks could overcome the Economic calculation problem posed by capitalist economist powerhouses like Hayek and Mises. They argue well that their idea is not merely a technocratic solution that calculates our economy via an algorithm, but a Democratic one that transcends the decentralized/centralized dichotomy.

My one criticism is that Phillips and Rozworksi either didn’t attack/didn’t represent the strongest versions dissenting ideas well or failed to mention them altogether. This leaves room for accusations of misrepresentation and may make this book low hanging fruit for some less-than-good faith actors. If you have a good idea it’s never a bad idea to test it against the strongest criticisms, because you can either show why you’re right or patch that hole that the criticism found