Read the piece on bactra.org ↗
Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Their wordsThe conditions under which equilibrium prices really are all a decision-maker needs to know, and really are sufficient for coordination, are so extreme as to be absurd.
Their wordsI don't think this sort of pathology is intrinsic to market exchange; it comes from market exchange plus gross inequality.
Their wordsThere is, in other words, a strong case to be made for egalitarian distributions of resources being a complement to market allocation.
Their wordsBeyond the repulsiveness of the values it embodies, markets in areas like health care or information goods are always inefficient (over and above the usual impossibility of informationally-efficient prices).
Our reading
Planning a whole economy would be computationally intractable for the foreseeable future.
Their wordsPlanning for the whole economy would, under the most favorable possible assumptions, be intractable for the foreseeable future, and deciding on a plan runs into difficulties we have no idea how to solve.
Their wordsThat planning is not a viable alternative to capitalism (as opposed to a tool within it) should disturb even capitalism's most ardent partisans. It means that their system faces no competition, nor even any plausible threat of competition.
Keep reading
The other pieces are the ones whose claims are worded most like this one's. That measures language, not agreement: they may argue the opposite.