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← A sophisticated economy cannot be centrally planned, because planning…
17 connected korrents · 16 moments from 2 Mar 2023 to 26 Sept 2026.
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AI and jobs Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. Last stated a year ago
2 Sept 2025
BE
Benedict Evans — holds since 2025-09-02 — tap for who they are
Same subject: Centralized planning cannot substitute for distributed coordination among AI agents because it still fails to capture local knowledge. — tap to centre the map on it Centralized planning cannot substitute for distributed coordination among AI agents because it still fails to capture local knowledge. Last stated 5 months ago
21 May 2026
RK
Rohit Krishnan — holds since 2026-05-21 — tap for who they are
Same subject: A planned economy is not yet socialism and may come with the complete enslavement of the individual — tap to centre the map on it A planned economy is not yet socialism and may come with the complete enslavement of the individual
AE
Albert Einstein — holds since c. 1949 — tap for who they are
Same subject: AI will not centralise the economy into a handful of companies; there are going to be many thousands of winners. — tap to centre the map on it AI will not centralise the economy into a handful of companies; there are going to be many thousands of winners. Last stated 3 months ago
31 Jul 2026
PC
Patrick Collison — holds since 2026-07-31 — tap for who they are
Same subject: If AI can build the new theory that crystallises how to think about a subject, it would be surprising if that capability did not spill into the rest of the economy. — tap to centre the map on it If AI can build the new theory that crystallises how to think about a subject, it would be surprising if that capability did not spill into the rest of the economy. Last stated 4 months ago
30 Jun 2026
GS
Grant Sanderson — holds since 2026-06-30 — tap for who they are
Same subject: Tariff policy is too erratic to reliably predict or plan around. — tap to centre the map on it Tariff policy is too erratic to reliably predict or plan around. Last stated 2 years ago
31 Mar 2025
NB
Nat Bullard — holds since 2025-03-31 — tap for who they are
Same subject: A highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of Malthusian resource dilemmas. — tap to centre the map on it A highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of Malthusian resource dilemmas. Last stated 3 years ago
1 Oct 2023
TC
Tyler Cowen — holds since 2023-10-01 — tap for who they are
Same subject: An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination. — tap to centre the map on it An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination. Last stated 5 months ago
4 Jun 2026
AI
Alex Imas — holds since 2026-06-04 — tap for who they are
Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified through fungibility of alternatives, not merely through lower price. Last stated 2 months ago
26 Aug 2026
RK
Rohit Krishnan — holds since 2026-08-26 — tap for who they are
Same subject: Enforcing non-compete agreements on low-wage jobs is anti-competitive and artificially suppresses wages. — tap to centre the map on it Enforcing non-compete agreements on low-wage jobs is anti-competitive and artificially suppresses wages. Last stated 4 weeks ago
24 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-24 — tap for who they are
Same subject: In commodity industries, extraordinary profits from shortages are eventually competed away as supply responds to the profit incentive, and losses are similarly self-correcting through reduced supply. — tap to centre the map on it In commodity industries, extraordinary profits from shortages are eventually competed away as supply responds to the profit incentive, and losses are similarly self-correcting through reduced supply. Last stated a year ago
5 Sept 2025
SB
Sanjay Bakshi — holds since 2025-09-05 — tap for who they are
Same subject: Lowering regulatory burden on businesses leads to increased wealth for everyone. — tap to centre the map on it Lowering regulatory burden on businesses leads to increased wealth for everyone. Last stated 4 weeks ago
26 Sept 2026
PL
Pieter Levels — holds since 2026-09-26 — tap for who they are
Same subject: Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. — tap to centre the map on it Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. Last stated 4 years ago
2 Mar 2023
LP
Lant Pritchett — holds since 2023-03-02 — tap for who they are
Same subject: Making it hard for people to start and run businesses, and constantly getting in their way, makes everyone poorer. — tap to centre the map on it Making it hard for people to start and run businesses, and constantly getting in their way, makes everyone poorer. Last stated 4 weeks ago
26 Sept 2026
PL
Pieter Levels — holds since 2026-09-26 — tap for who they are
Same subject: Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. — tap to centre the map on it Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Tech is better when power is distributed between multiple companies — tap to centre the map on it Tech is better when power is distributed between multiple companies Last stated 3 years ago
25 Feb 2024
DH
David Heinemeier Hansson — holds since 2024-02-25 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated a month ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
At the centre
A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.
Holds Read this korrent →
Centralized planning cannot substitute for distributed coordination among AI agents because it still fails to capture local knowledge.
Holds
A planned economy is not yet socialism and may come with the complete enslavement of the individual
Last stated c. 1949
Holds
AI will not centralise the economy into a handful of companies; there are going to be many thousands of winners.
Holds
If AI can build the new theory that crystallises how to think about a subject, it would be surprising if that capability did not spill into the rest of the economy.
Holds
Tariff policy is too erratic to reliably predict or plan around.
Holds
A highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of Malthusian resource dilemmas.
Holds
An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination.
Holds
A market becomes commodified through fungibility of alternatives, not merely through lower price.
Holds
Enforcing non-compete agreements on low-wage jobs is anti-competitive and artificially suppresses wages.
Holds
In commodity industries, extraordinary profits from shortages are eventually competed away as supply responds to the profit incentive, and losses are similarly self-correcting through reduced supply.
Holds
Lowering regulatory burden on businesses leads to increased wealth for everyone.
Holds
Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it.
Holds
Making it hard for people to start and run businesses, and constantly getting in their way, makes everyone poorer.
Holds
Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
Holds
Tech is better when power is distributed between multiple companies
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds