iirc it’s basically about how the “invisible hand” doesn’t actually exist it’s just big corporations (which basically own the country anyway) making deliberate, informed decisions rather than a central government
Yup, it’s about how major corpos do central planning too, directed by banks, and how Mises Calculation Problem has been acceptably solved thanks to computers and vertical integration, or some shit. Not as revolutionary a book as I was hoping, but it’s a short read and a nice gotcha for market-brained libs and chuds
Wondering if there’s a good, concise book like this which tears apart the myth of private railroad market efficiency in the 19th and 20th centuries (which is a common one Lolberts try to tout).
iirc it’s basically about how the “invisible hand” doesn’t actually exist it’s just big corporations (which basically own the country anyway) making deliberate, informed decisions rather than a central government
Your comment and the one above actually summarize the whole book a d you do not actually need to read it.
highly centralized logistics are efficient, who would’ve thought!
Wondering if there’s a good, concise book like this which tears apart the myth of private railroad market efficiency in the 19th and 20th centuries (which is a common one Lolberts try to tout).